Bank failure · NJ
Columbus Trust Company (Newark, NJ) — failed July 24, 1948
Columbus Trust Company of Newark, New Jersey was closed on July 24, 1948 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $7.9M in assets and $7.9M in deposits.
- Closing date
- July 24, 1948
- Resolution
- P&A (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC