# IRVING SAVINGS & LOAN

> **Failed bank** · PATERSON, NJ · failed 1991-01-18 · SL · FDIC cost $26M

## What happened

IRVING SAVINGS & LOAN of PATERSON, NJ was closed by state regulators 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
- **Estimated FDIC DIF cost:** $26M
- **Deposits at failure:** $236M
- **Assets at failure:** $222M
- **Acquiring bank:** HUDSON UNITED BANK (UNION CITY, NJ)

## Other banks HUDSON UNITED BANK has acquired in FDIC resolutions

- CONNECTICUT BANK OF COMMERCE (STAMFORD, CT) — failed 2002-06-26 — /failed-bank/3541
- BROADWAY BANK (PATERSON, NJ) — failed 1992-03-13 — /failed-bank/3287
- PAN AMERICAN NATIONAL BANK (UNION CITY, NJ) — failed 1983-03-18 — /failed-bank/763

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=IRVING%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, IRVING SAVINGS & LOAN (FDIC ID 2993), failed 1991-01-18. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2993.

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