Bank failure · NJ
Metropolitan Fed. S & L Assoc. (Denville, NJ) — failed April 27, 1989
Metropolitan Fed. S & L Assoc. of Denville, New Jersey was closed on April 27, 1989 and resolved through a purchase and assumption. Collective FSB (NJ) took over its insured deposits. At failure it held $168.2M in assets and $174.9M in deposits. The FDIC's estimated loss on the failure is $16K (0.0% of assets).
- Closing date
- April 27, 1989
- FDIC certificate #
- 30374
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Collective FSB
- Insurance fund
- RTC
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