# EMPIRE SAVINGS BANK

> **Failed bank** · HAMMONTON, NJ · failed 1990-12-14 · SL · FDIC cost $28M

## What happened

EMPIRE SAVINGS BANK of HAMMONTON, NJ was closed by state regulators on **1990-12-14**. The FDIC was named receiver.

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

Deposits were transferred to **UNITED JERSEY BANK/SO., NA** (CHERRY HILL, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2969
- **FDIC Certificate:** 28473
- **FDIC FIN:** 2131
- **Bank name:** EMPIRE SAVINGS BANK
- **Location:** HAMMONTON, NJ
- **Failure date:** 1990-12-14
- **FDIC resolution date:** 1991-10-11
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $28M
- **Deposits at failure:** $194M
- **Assets at failure:** $219M
- **Acquiring bank:** UNITED JERSEY BANK/SO., NA (CHERRY HILL, NJ)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, EMPIRE SAVINGS BANK (FDIC ID 2969), failed 1990-12-14. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2969.

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