Bank failure · NJ

Barton S&la (Newark, NJ) — failed October 1, 1982

Barton S&la of Newark, New Jersey was closed on October 1, 1982 and resolved through a a/a. Carteret S&la Fa (NJ) took over its insured deposits. At failure it held $170.4M in assets and $123.0M in deposits. The FDIC's estimated loss on the failure is $11.8M (6.9% of assets).