TRIDENT FEDERAL S & L ASSOC. Failed 1991
What happened
TRIDENT FEDERAL S & L ASSOC. of NEWARK, NJ was closed on 1991-01-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COLLECTIVE FSB (EGG HARBOR, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2985
- FDIC Certificate
- 30888
- FDIC FIN
- 7392
- Bank name
- TRIDENT FEDERAL S & L ASSOC.
- Location
- NEWARK, NJ
- Failure date
- 1991-01-04
- FDIC resolution date
- 1991-08-02
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $44M
- Assets at failure
- $47M
- Acquiring bank
- COLLECTIVE FSB (EGG HARBOR, NJ)
Other banks COLLECTIVE FSB acquired in FDIC resolutions