MARINE VIEW FSB Failed 1991
What happened
MARINE VIEW FSB of MIDDLETOWN, NJ was closed on 1991-11-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SUMMIT BANK (CHATHAM, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3230
- FDIC Certificate
- 30027
- FDIC FIN
- 1226
- Bank name
- MARINE VIEW FSB
- Location
- MIDDLETOWN, NJ
- Failure date
- 1991-11-01
- FDIC resolution date
- 1993-08-06
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $108M
- Assets at failure
- $119M
- Acquiring bank
- SUMMIT BANK (CHATHAM, NJ)