# NEWTON SAVINGS BANK, FSA

> **Failed bank** · FAIRFIELD, NJ · failed 1991-05-03 · SL · FDIC cost $4M

## What happened

NEWTON SAVINGS BANK, FSA of FAIRFIELD, NJ was closed by state regulators on **1991-05-03**. The FDIC was named receiver.

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

Deposits were transferred to **SUSSEX COUNTY STATE BANK** (FRANKLIN, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3086
- **FDIC Certificate:** 31179
- **FDIC FIN:** 2190
- **Bank name:** NEWTON SAVINGS BANK, FSA
- **Location:** FAIRFIELD, NJ
- **Failure date:** 1991-05-03
- **FDIC resolution date:** 1992-03-20
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $38M
- **Assets at failure:** $41M
- **Acquiring bank:** SUSSEX COUNTY STATE BANK (FRANKLIN, NJ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEWTON%20SAVINGS%20BANK%2C%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEWTON SAVINGS BANK, FSA (FDIC ID 3086), failed 1991-05-03. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3086.

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