Bank failure · NJ

Hansen Fsa (Hammonton, NJ) — failed January 10, 1992

Hansen Fsa of Hammonton, New Jersey was closed on January 10, 1992 and resolved through a purchase and assumption. Collective FSB (NJ) took over its insured deposits. At failure it held $572.4M in assets and $427.3M in deposits. The FDIC's estimated loss on the failure is $42.4M (7.4% of assets).