CITY NATIONAL BANK OF NEW JERSEY Failed 2019

NEWARK, NJ · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

CITY NATIONAL BANK OF NEW JERSEY of NEWARK, NJ was closed on 2019-11-01. The FDIC was named receiver.

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

Deposits were transferred to INDUSTRIAL BANK (WASHINGTON, DC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4100
FDIC Certificate
21111
FDIC FIN
10534
Bank name
CITY NATIONAL BANK OF NEW JERSEY
Location
NEWARK, NJ
Failure date
2019-11-01
FDIC resolution date
2019-11-01
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$2M
Deposits at failure
$111M
Assets at failure
$121M
Acquiring bank
INDUSTRIAL BANK (WASHINGTON, DC)