# ALEXANDER HAMILTON

> **Failed bank** · PATERSON, NJ · failed 1991-03-08 · SL · FDIC cost $4M

## What happened

ALEXANDER HAMILTON of PATERSON, NJ was closed by state regulators 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $213M
- **Assets at failure:** $211M
- **Acquiring bank:** FIRST FIDELITY BANK, NA (TOTOWA, NJ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ALEXANDER%20HAMILTON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ALEXANDER HAMILTON (FDIC ID 3033), failed 1991-03-08. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3033.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*