# FIRST STATE BANK

> **Failed bank** · CRANFORD, NJ · failed 2011-10-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $46M

## What happened

FIRST STATE BANK of CRANFORD, NJ was closed by regulators on **2011-10-14**. The FDIC was named receiver.

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

Deposits were transferred to **NORTHFIELD BANK** (STATEN ISLAND, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3970
- **FDIC Certificate:** 58046
- **FDIC FIN:** 10403
- **Bank name:** FIRST STATE BANK
- **Location:** CRANFORD, NJ
- **Failure date:** 2011-10-14
- **FDIC resolution date:** 2011-10-14
- **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:** $46M
- **Deposits at failure:** $188M
- **Assets at failure:** $192M
- **Acquiring bank:** NORTHFIELD BANK (STATEN ISLAND, NY)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK (FDIC ID 3970), failed 2011-10-14. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3970.

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