# CITY NATIONAL BANK OF NEW JERSEY

> **Failed bank** · NEWARK, NJ · failed 2019-11-01 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

CITY NATIONAL BANK OF NEW JERSEY of NEWARK, NJ was closed by the OCC 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $111M
- **Assets at failure:** $121M
- **Acquiring bank:** INDUSTRIAL BANK (WASHINGTON, DC)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CITY%20NATIONAL%20BANK%20OF%20NEW%20JERSEY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITY NATIONAL BANK OF NEW JERSEY (FDIC ID 4100), failed 2019-11-01. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/4100.

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