# COMMUNITY GUARDIAN BANK

> **Failed bank** · ELMWOOD PARK, NJ · failed 1991-07-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $16M

## What happened

COMMUNITY GUARDIAN BANK of ELMWOOD PARK, NJ was closed by regulators 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
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $55M
- **Assets at failure:** $55M
- **Acquiring bank:** INTERCHANGE STATE BANK (SADDLE BROOK, NJ)

## Other banks INTERCHANGE STATE BANK has acquired in FDIC resolutions

- VOLUNTEER FSA (LITTLE FERRY, NJ) — failed 1992-06-05 — /failed-bank/3334

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COMMUNITY%20GUARDIAN%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY GUARDIAN BANK (FDIC ID 3144), failed 1991-07-19. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/3144.

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