ALEXANDER HAMILTON Failed 1991
What happened
ALEXANDER HAMILTON of PATERSON, NJ was closed on 1991-03-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FIDELITY BANK, NA (TOTOWA, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3033
- FDIC Certificate
- 30139
- FDIC FIN
- 7437
- Bank name
- ALEXANDER HAMILTON
- Location
- PATERSON, NJ
- Failure date
- 1991-03-08
- FDIC resolution date
- 1991-09-13
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $213M
- Assets at failure
- $211M
- Acquiring bank
- FIRST FIDELITY BANK, NA (TOTOWA, NJ)