# FIRST S&LA OF NEW BRUNSWICK

> **Failed bank** · NEW BRUNSWICK, NJ · failed 1982-01-25 · SL · FDIC cost $10M

## What happened

FIRST S&LA OF NEW BRUNSWICK of NEW BRUNSWICK, NJ was closed by state regulators on **1982-01-25**. 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:** 632
- **FDIC Certificate:** 29737
- **FDIC FIN:** 1621
- **Bank name:** FIRST S&LA OF NEW BRUNSWICK
- **Location:** NEW BRUNSWICK, NJ
- **Failure date:** 1982-01-25
- **FDIC resolution date:** 1982-01-25
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $266M
- **Assets at failure:** $406M
- **Acquiring bank:** CITY FS&LA (ELIZABETH, NJ)

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

- BOCA RATON FS&LA (BOCA RATON, FL) — failed 1981-12-09 — /failed-bank/620
- MOHAWK S&LA (NEWARK, NJ) — failed 1981-12-09 — /failed-bank/619

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST S&LA OF NEW BRUNSWICK (FDIC ID 632), failed 1982-01-25. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/632.

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