Bank failure · NJ

First Fs&la of Burlington Cty (Cinnamonson, NJ) — failed July 31, 1982

First Fs&la of Burlington Cty of Cinnamonson, New Jersey was closed on July 31, 1982 and resolved through a a/a. Security Savings&loan Assn (NJ) took over its insured deposits. At failure it held $135.2M in assets and $104.8M in deposits. The FDIC's estimated loss on the failure is $4.0M (3.0% of assets).