Bank failure · NJ
Center S & LA (Clifton, NJ) — failed January 25, 1991
Center S & LA of Clifton, New Jersey was closed on January 25, 1991 and resolved through a purchase and assumption. Hub Center Bank (NJ) took over its insured deposits. At failure it held $132.6M in assets and $125.4M in deposits. The FDIC's estimated loss on the failure is $15.3M (11.5% of assets).
- Closing date
- January 25, 1991
- FDIC certificate #
- 30169
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hub Center Bank
- Insurance fund
- RTC
Other failures in 1991
- North Ridge Bank FL
- Merchants National Bank MA
- The Bank Mart CT
- Federal Finance & Mortgage, Ltd HI
- Investors FSB VA
- Bank of East Hartford CT
- Granite Co-Operative Bank MA
- Saybrook Bank and Trust Company CT
- The Douglass Bank KS
- First National Bank of Miami FL
- Western Fs & LA IL
- White Horse Fs & LA NJ
- Chase Savings & Loan PA
- Peoples Fsa IA
- Durham Trust Company NH
- Alvarado National Bank TX
- Connecticut Savings Bank CT
- Worthington State Bank IN
- Delta FSB CA
- Cobb Fsa GA
- Community National Bank and Trust NY
- Marine View FSB NJ
- Union Bank TX
- Bank of the South LA