UNITED STATES BK OF NEWARK, N.J. Failed 1982
What happened
UNITED STATES BK OF NEWARK, N.J. of NEWARK, NJ was closed on 1982-03-11. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to HUDSON CITY SAVINGS BANK (PARAMUS, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 651
- FDIC Certificate
- 12015
- FDIC FIN
- 1906
- Bank name
- UNITED STATES BK OF NEWARK, N.J.
- Location
- NEWARK, NJ
- Failure date
- 1982-03-11
- FDIC resolution date
- 1982-03-11
- Charter type
- MI
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $77M
- Deposits at failure
- $576M
- Assets at failure
- $688M
- Acquiring bank
- HUDSON CITY SAVINGS BANK (PARAMUS, NJ)
Other banks HUDSON CITY SAVINGS BANK acquired in FDIC resolutions