Bank failure · NJ

Alexander Hamilton (Paterson, NJ) — failed March 8, 1991

Alexander Hamilton of Paterson, New Jersey was closed on March 8, 1991 and resolved through a purchase and assumption. First Fidelity Bank, NA (NJ) took over its insured deposits. At failure it held $210.7M in assets and $212.9M in deposits. The FDIC's estimated loss on the failure is $4.0M (1.9% of assets).