# SUBURBAN NATIONAL BANK

> **Failed bank** · HILLSBOROUGH TWNS, NJ · failed 1991-07-26 · National commercial bank (OCC-chartered) · FDIC cost $28M

## What happened

SUBURBAN NATIONAL BANK of HILLSBOROUGH TWNS, NJ was closed by the OCC on **1991-07-26**. The FDIC was named receiver.

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

Deposits were transferred to **PROVIDENT SAVINGS BANK** (JERSEY CITY, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3150
- **FDIC Certificate:** 27157
- **FDIC FIN:** 4380
- **Bank name:** SUBURBAN NATIONAL BANK
- **Location:** HILLSBOROUGH TWNS, NJ
- **Failure date:** 1991-07-26
- **FDIC resolution date:** 1991-07-26
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $28M
- **Deposits at failure:** $91M
- **Assets at failure:** $91M
- **Acquiring bank:** PROVIDENT SAVINGS BANK (JERSEY CITY, NJ)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUBURBAN NATIONAL BANK (FDIC ID 3150), failed 1991-07-26. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/3150.

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