Bank failure · NJ
Amerified Savings Bank (Lawrenceville, NJ) — failed March 1, 1991
Amerified Savings Bank of Lawrenceville, New Jersey was closed on March 1, 1991 and resolved through a payout (deposit payoff). Branch Sale (NA) took over its insured deposits. At failure it held $110.6M in assets and $99.5M in deposits. The FDIC's estimated loss on the failure is $17.6M (15.9% of assets).
- Closing date
- March 1, 1991
- FDIC certificate #
- 32235
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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