CONTINENTAL S&LA Failed 1980
What happened
CONTINENTAL S&LA of GLOUCESTER CITY, NJ was closed on 1980-05-01. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to COLLECTIVE FS&LA (EGG HARBOR CITY, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 571
- FDIC Certificate
- 31221
- FDIC FIN
- 0
- Bank name
- CONTINENTAL S&LA
- Location
- GLOUCESTER CITY, NJ
- Failure date
- 1980-05-01
- FDIC resolution date
- 1980-05-01
- Charter type
- SL
- Resolution type
- A/A
- Deposits at failure
- $58M
- Assets at failure
- $75M
- Acquiring bank
- COLLECTIVE FS&LA (EGG HARBOR CITY, NJ)