COMMUNITY GUARDIAN BANK Failed 1991
What happened
COMMUNITY GUARDIAN BANK of ELMWOOD PARK, NJ was closed on 1991-07-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to INTERCHANGE STATE BANK (SADDLE BROOK, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3144
- FDIC Certificate
- 26331
- FDIC FIN
- 4377
- Bank name
- COMMUNITY GUARDIAN BANK
- Location
- ELMWOOD PARK, NJ
- Failure date
- 1991-07-19
- FDIC resolution date
- 1991-07-19
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $55M
- Assets at failure
- $55M
- Acquiring bank
- INTERCHANGE STATE BANK (SADDLE BROOK, NJ)
Other banks INTERCHANGE STATE BANK acquired in FDIC resolutions