HANSEN FSA Failed 1992
What happened
HANSEN FSA of HAMMONTON, NJ was closed on 1992-01-10. 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
- 3254
- FDIC Certificate
- 31024
- FDIC FIN
- 1265
- Bank name
- HANSEN FSA
- Location
- HAMMONTON, NJ
- Failure date
- 1992-01-10
- FDIC resolution date
- 1994-04-15
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $42M
- Deposits at failure
- $427M
- Assets at failure
- $572M
- Acquiring bank
- COLLECTIVE FSB (EGG HARBOR, NJ)
Other banks COLLECTIVE FSB acquired in FDIC resolutions