IRVING SAVINGS & LOAN Failed 1991
What happened
IRVING SAVINGS & LOAN of PATERSON, NJ was closed on 1991-01-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HUDSON UNITED BANK (UNION CITY, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2993
- FDIC Certificate
- 30138
- FDIC FIN
- 2163
- Bank name
- IRVING SAVINGS & LOAN
- Location
- PATERSON, NJ
- Failure date
- 1991-01-18
- FDIC resolution date
- 1992-02-21
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $236M
- Assets at failure
- $222M
- Acquiring bank
- HUDSON UNITED BANK (UNION CITY, NJ)
Other banks HUDSON UNITED BANK acquired in FDIC resolutions