Bank failure · NJ
Elysian Federal Savings Bank (Hoboken, NJ) — failed February 17, 1989
Elysian Federal Savings Bank of Hoboken, New Jersey was closed on February 17, 1989 and resolved through a purchase and assumption. Pamrapo Sb, Sla (NJ) took over its insured deposits. At failure it held $198.7M in assets and $200.6M in deposits. The FDIC's estimated loss on the failure is $30.9M (15.6% of assets).
- Closing date
- February 17, 1989
- FDIC certificate #
- 31532
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Pamrapo Sb, Sla
- Insurance fund
- RTC
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