Bank failure · NJ
Metrobank Fs & LA (Palisades Park, NJ) — failed June 28, 1991
Metrobank Fs & LA of Palisades Park, New Jersey was closed on June 28, 1991 and resolved through a purchase and assumption. First FSB of De (DE) took over its insured deposits. At failure it held $474.3M in assets and $350.1M in deposits. The FDIC's estimated loss on the failure is $145.8M (30.7% of assets).
- Closing date
- June 28, 1991
- FDIC certificate #
- 30758
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First FSB of De
- Insurance fund
- RTC
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