# HOMETOWN BANK

> **Failed bank** · EDISON, NJ · failed 1992-09-25 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

HOMETOWN BANK of EDISON, NJ was closed by regulators on **1992-09-25**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **SOMERSET TRUST CO** (SOMERVILLE, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3377
- **FDIC Certificate:** 27416
- **FDIC FIN:** 4518
- **Bank name:** HOMETOWN BANK
- **Location:** EDISON, NJ
- **Failure date:** 1992-09-25
- **FDIC resolution date:** 1992-09-25
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $25M
- **Assets at failure:** $25M
- **Acquiring bank:** SOMERSET TRUST CO (SOMERVILLE, NJ)

## Other banks SOMERSET TRUST CO has acquired in FDIC resolutions

- HIGHLANDS COMMUNITY BANK, N.A. (CLINTON TOWNSHIP, NJ) — failed 1992-09-25 — /failed-bank/3376

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HOMETOWN BANK (FDIC ID 3377), failed 1992-09-25. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3377.

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