# CONTINENTAL S&LA

> **Failed bank** · GLOUCESTER CITY, NJ · failed 1980-05-01 · SL

## What happened

CONTINENTAL S&LA of GLOUCESTER CITY, NJ was closed by state regulators 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)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CONTINENTAL%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CONTINENTAL S&LA (FDIC ID 571), failed 1980-05-01. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/571.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*