Bank failure · NJ
Fort Lee S&la (Fort Lee, NJ) — failed June 30, 1987
Fort Lee S&la of Fort Lee, New Jersey was closed on June 30, 1987 and resolved through a a/a. Ensign Bank FSB (NY) took over its insured deposits. At failure it held $170.6M in assets and $183.3M in deposits. The FDIC's estimated loss on the failure is $13.1M (7.7% of assets).
- Closing date
- June 30, 1987
- FDIC certificate #
- 29917
- Resolution
- A/A (assistance)
- Acquiring institution
- Ensign Bank FSB
- Insurance fund
- FSLIC
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