MERCER SAVINGS BANK Failed 1990
What happened
MERCER SAVINGS BANK of TRENTON, NJ was closed on 1990-09-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PULAWSKI SB, SLA (SOUTH RIVER, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2908
- FDIC Certificate
- 28586
- FDIC FIN
- 7389
- Bank name
- MERCER SAVINGS BANK
- Location
- TRENTON, NJ
- Failure date
- 1990-09-21
- FDIC resolution date
- 1991-08-02
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $19M
- Deposits at failure
- $83M
- Assets at failure
- $93M
- Acquiring bank
- PULAWSKI SB, SLA (SOUTH RIVER, NJ)