OLD BOROUGH SAVINGS & LOAN Failed 1990
What happened
OLD BOROUGH SAVINGS & LOAN of TRENTON, NJ was closed on 1990-12-14. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to NEW JERSEY NB (WEST TRENTON, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2972
- FDIC Certificate
- 30645
- FDIC FIN
- 7416
- Bank name
- OLD BOROUGH SAVINGS & LOAN
- Location
- TRENTON, NJ
- Failure date
- 1990-12-14
- FDIC resolution date
- 1991-08-23
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $117M
- Assets at failure
- $134M
- Acquiring bank
- NEW JERSEY NB (WEST TRENTON, NJ)