Bank failure · NJ
Fort Lee Federal Savings Bank, FSB (Fort Lee, NJ) — failed April 20, 2012
Fort Lee Federal Savings Bank, FSB of Fort Lee, New Jersey was closed on April 20, 2012 and resolved through a purchase and assumption. Alma Bank (NY) took over its insured deposits. At failure it held $48.9M in assets and $47.8M in deposits. The FDIC's estimated loss on the failure is $11.9M (24.4% of assets).
- Closing date
- April 20, 2012
- FDIC certificate #
- 35527
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Alma Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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