Bank failure · NJ

Lincoln Fs&la (Westfield, NJ) — failed November 1, 1988

Lincoln Fs&la of Westfield, New Jersey was closed on November 1, 1988 and resolved through a a/a. First Nationwide (CA) took over its insured deposits. At failure it held $1.3B in assets and $964.6M in deposits. The FDIC's estimated loss on the failure is $210.3M (16.8% of assets).