Bank failure · NJ
Marine View FSB (Middletown, NJ) — failed November 1, 1991
Marine View FSB of Middletown, New Jersey was closed on November 1, 1991 and resolved through a purchase and assumption. Summit Bank (NJ) took over its insured deposits. At failure it held $119.2M in assets and $107.5M in deposits. The FDIC's estimated loss on the failure is $3.8M (3.2% of assets).
- Closing date
- November 1, 1991
- FDIC certificate #
- 30027
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Summit Bank
- Insurance fund
- RTC
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