THE FIRST NATIONAL BANK OF TOMS RIVER Failed 1991
What happened
THE FIRST NATIONAL BANK OF TOMS RIVER of TOMS RIVER, NJ was closed on 1991-05-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FIDELITY BANK, NATION (NEWARK, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3108
- FDIC Certificate
- 6499
- FDIC FIN
- 4358
- Bank name
- THE FIRST NATIONAL BANK OF TOMS RIVER
- Location
- TOMS RIVER, NJ
- Failure date
- 1991-05-22
- FDIC resolution date
- 1991-05-22
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $116M
- Deposits at failure
- $1,381M
- Assets at failure
- $1,418M
- Acquiring bank
- FIRST FIDELITY BANK, NATION (NEWARK, NJ)
Other banks FIRST FIDELITY BANK, NATION acquired in FDIC resolutions