CITIZENS COMMUNITY BANK Failed 2009

RIDGEWOOD, NJ · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

CITIZENS COMMUNITY BANK of RIDGEWOOD, NJ was closed on 2009-05-01. The FDIC was named receiver.

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

Deposits were transferred to NORTH JERSEY COMMUNITY BANK (ENGLEWOOD CLIFFS, NJ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3625
FDIC Certificate
57563
FDIC FIN
10058
Bank name
CITIZENS COMMUNITY BANK
Location
RIDGEWOOD, NJ
Failure date
2009-05-01
FDIC resolution date
2009-05-01
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$18M
Deposits at failure
$41M
Assets at failure
$41M
Acquiring bank
NORTH JERSEY COMMUNITY BANK (ENGLEWOOD CLIFFS, NJ)