Bank failure · NJ
Mutual Aide S & LA (Manasquan, NJ) — failed May 4, 1990
Mutual Aide S & LA of Manasquan, New Jersey was closed on May 4, 1990 and resolved through a purchase and assumption. Provident Sb (NJ) took over its insured deposits. At failure it held $103.3M in assets and $105.0M in deposits. The FDIC's estimated loss on the failure is $17.9M (17.3% of assets).
- Closing date
- May 4, 1990
- FDIC certificate #
- 30130
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Provident Sb
- Insurance fund
- RTC
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