# BROADWAY BANK

> **Failed bank** · PATERSON, NJ · failed 1992-03-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $76M

## What happened

BROADWAY BANK of PATERSON, NJ was closed by regulators on **1992-03-13**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **HUDSON UNITED BANK** (UNION CITY, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3287
- **FDIC Certificate:** 15000
- **FDIC FIN:** 4459
- **Bank name:** BROADWAY BANK
- **Location:** PATERSON, NJ
- **Failure date:** 1992-03-13
- **FDIC resolution date:** 1992-03-13
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $76M
- **Deposits at failure:** $383M
- **Assets at failure:** $401M
- **Acquiring bank:** HUDSON UNITED BANK (UNION CITY, NJ)

## Other banks HUDSON UNITED BANK has acquired in FDIC resolutions

- CONNECTICUT BANK OF COMMERCE (STAMFORD, CT) — failed 2002-06-26 — /failed-bank/3541
- IRVING SAVINGS & LOAN (PATERSON, NJ) — failed 1991-01-18 — /failed-bank/2993
- PAN AMERICAN NATIONAL BANK (UNION CITY, NJ) — failed 1983-03-18 — /failed-bank/763

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BROADWAY BANK (FDIC ID 3287), failed 1992-03-13. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3287.

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