METROBANK FS & LA Failed 1991
What happened
METROBANK FS & LA of PALISADES PARK, NJ was closed on 1991-06-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FSB OF DE (WILMINGTON, DE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3135
- FDIC Certificate
- 30758
- FDIC FIN
- 1211
- Bank name
- METROBANK FS & LA
- Location
- PALISADES PARK, NJ
- Failure date
- 1991-06-28
- FDIC resolution date
- 1992-04-10
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $146M
- Deposits at failure
- $350M
- Assets at failure
- $474M
- Acquiring bank
- FIRST FSB OF DE (WILMINGTON, DE)
Other banks FIRST FSB OF DE acquired in FDIC resolutions