# THE MONTGOMERY NATIONAL BANK

> **Failed bank** · MONTGOMERY TWNSP, NJ · failed 1990-06-29 · National commercial bank (OCC-chartered)

## What happened

THE MONTGOMERY NATIONAL BANK of MONTGOMERY TWNSP, NJ was closed by the OCC on **1990-06-29**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **AMBOY NATIONAL BANK** (MONTGOMERY TWNSP, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2832
- **FDIC Certificate:** 22409
- **FDIC FIN:** 4243
- **Bank name:** THE MONTGOMERY NATIONAL BANK
- **Location:** MONTGOMERY TWNSP, NJ
- **Failure date:** 1990-06-29
- **FDIC resolution date:** 1990-06-29
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $92M
- **Assets at failure:** $93M
- **Acquiring bank:** AMBOY NATIONAL BANK (MONTGOMERY TWNSP, NJ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20MONTGOMERY%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE MONTGOMERY NATIONAL BANK (FDIC ID 2832), failed 1990-06-29. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2832.

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