# MOHAWK S&LA

> **Failed bank** · NEWARK, NJ · failed 1981-12-09 · SL · FDIC cost $5M

## What happened

MOHAWK S&LA of NEWARK, NJ was closed by state regulators on **1981-12-09**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CITY FS&LA** (ELIZABETH, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 619
- **FDIC Certificate:** 28337
- **FDIC FIN:** 1618
- **Bank name:** MOHAWK S&LA
- **Location:** NEWARK, NJ
- **Failure date:** 1981-12-09
- **FDIC resolution date:** 1981-12-09
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $76M
- **Assets at failure:** $91M
- **Acquiring bank:** CITY FS&LA (ELIZABETH, NJ)

## Other banks CITY FS&LA has acquired in FDIC resolutions

- FIRST S&LA OF NEW BRUNSWICK (NEW BRUNSWICK, NJ) — failed 1982-01-25 — /failed-bank/632
- BOCA RATON FS&LA (BOCA RATON, FL) — failed 1981-12-09 — /failed-bank/620

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MOHAWK S&LA (FDIC ID 619), failed 1981-12-09. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/619.

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