# RIVER EDGE S&LA

> **Failed bank** · RIVER EDGE, NJ · failed 1982-08-02 · SL · FDIC cost $5M

## What happened

RIVER EDGE S&LA of RIVER EDGE, NJ was closed by state regulators on **1982-08-02**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CARTERET S&LA** (NEWARK, NJ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 689
- **FDIC Certificate:** 29976
- **FDIC FIN:** 0
- **Bank name:** RIVER EDGE S&LA
- **Location:** RIVER EDGE, NJ
- **Failure date:** 1982-08-02
- **FDIC resolution date:** 1982-08-02
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $47M
- **Assets at failure:** $62M
- **Acquiring bank:** CARTERET S&LA (NEWARK, NJ)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, RIVER EDGE S&LA (FDIC ID 689), failed 1982-08-02. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/689.

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