VOLUNTEER FSA Failed 1992
What happened
VOLUNTEER FSA of LITTLE FERRY, NJ was closed on 1992-06-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to INTERCHANGE STATE BANK (SADDLE BROOK, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3334
- FDIC Certificate
- 27728
- FDIC FIN
- 1246
- Bank name
- VOLUNTEER FSA
- Location
- LITTLE FERRY, NJ
- Failure date
- 1992-06-05
- FDIC resolution date
- 1994-02-25
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $49M
- Assets at failure
- $51M
- Acquiring bank
- INTERCHANGE STATE BANK (SADDLE BROOK, NJ)
Other banks INTERCHANGE STATE BANK acquired in FDIC resolutions