# MOUNTAIN RIDGE STATE BANK

> **Failed bank** · WEST ORANGE, NJ · failed 1990-10-05 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $13M

## What happened

MOUNTAIN RIDGE STATE BANK of WEST ORANGE, NJ was closed by regulators on **1990-10-05**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **MOUNTAIN RIDGE BANK** (WEST ORANGE, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2916
- **FDIC Certificate:** 21619
- **FDIC FIN:** 4282
- **Bank name:** MOUNTAIN RIDGE STATE BANK
- **Location:** WEST ORANGE, NJ
- **Failure date:** 1990-10-05
- **FDIC resolution date:** 1990-10-05
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $13M
- **Deposits at failure:** $50M
- **Assets at failure:** $51M
- **Acquiring bank:** MOUNTAIN RIDGE BANK (WEST ORANGE, NJ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MOUNTAIN%20RIDGE%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MOUNTAIN RIDGE STATE BANK (FDIC ID 2916), failed 1990-10-05. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2916.

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