# PROSPECT PARK, FSB

> **Failed bank** · WEST PATERSON, NJ · failed 1991-04-19 · SL · FDIC cost $95M

## What happened

PROSPECT PARK, FSB of WEST PATERSON, NJ was closed by state regulators on **1991-04-19**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **LAKEVIEW SB** (PATERSON, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3069
- **FDIC Certificate:** 29844
- **FDIC FIN:** 1268
- **Bank name:** PROSPECT PARK, FSB
- **Location:** WEST PATERSON, NJ
- **Failure date:** 1991-04-19
- **FDIC resolution date:** 1994-04-22
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $95M
- **Deposits at failure:** $474M
- **Assets at failure:** $512M
- **Acquiring bank:** LAKEVIEW SB (PATERSON, NJ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PROSPECT%20PARK%2C%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PROSPECT PARK, FSB (FDIC ID 3069), failed 1991-04-19. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3069.

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