Bank failure · NJ
Isn Bank (Cherry Hill, NJ) — failed September 17, 2010
Isn Bank of Cherry Hill, New Jersey was closed on September 17, 2010 and resolved through a purchase and assumption. New Century Bank (PA) took over its insured deposits. At failure it held $81.6M in assets and $79.7M in deposits. The FDIC's estimated loss on the failure is $18.9M (23.1% of assets).
- Closing date
- September 17, 2010
- FDIC certificate #
- 57107
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- New Century Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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