WHITE HORSE FS & LA Failed 1991
What happened
WHITE HORSE FS & LA of TRENTON, NJ was closed on 1991-11-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COLLECTIVE FSB (EGG HARBOR, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3241
- FDIC Certificate
- 30665
- FDIC FIN
- 1277
- Bank name
- WHITE HORSE FS & LA
- Location
- TRENTON, NJ
- Failure date
- 1991-11-22
- FDIC resolution date
- 1994-05-06
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $68M
- Assets at failure
- $72M
- Acquiring bank
- COLLECTIVE FSB (EGG HARBOR, NJ)
Other banks COLLECTIVE FSB acquired in FDIC resolutions