Bank failure · NJ
Mercer Savings Bank (Trenton, NJ) — failed September 21, 1990
Mercer Savings Bank of Trenton, New Jersey was closed on September 21, 1990 and resolved through a purchase and assumption. Pulawski Sb, Sla (NJ) took over its insured deposits. At failure it held $92.7M in assets and $83.4M in deposits. The FDIC's estimated loss on the failure is $18.6M (20.1% of assets).
- Closing date
- September 21, 1990
- FDIC certificate #
- 28586
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Pulawski Sb, Sla
- Insurance fund
- RTC
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