NUTLEY SAVINGS & LOAN Failed 1991
What happened
NUTLEY SAVINGS & LOAN of NUTLEY, NJ was closed on 1991-09-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to VALLEY NB (WAYNE, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3197
- FDIC Certificate
- 28742
- FDIC FIN
- 2121
- Bank name
- NUTLEY SAVINGS & LOAN
- Location
- NUTLEY, NJ
- Failure date
- 1991-09-27
- FDIC resolution date
- 1991-09-27
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $18M
- Deposits at failure
- $179M
- Assets at failure
- $189M
- Acquiring bank
- VALLEY NB (WAYNE, NJ)
Other banks VALLEY NB acquired in FDIC resolutions