Bank failure · NJ
Nutley Savings & Loan (Nutley, NJ) — failed September 27, 1991
Nutley Savings & Loan of Nutley, New Jersey was closed on September 27, 1991 and resolved through a purchase and assumption. Valley Nb (NJ) took over its insured deposits. At failure it held $188.6M in assets and $178.5M in deposits. The FDIC's estimated loss on the failure is $17.9M (9.5% of assets).
- Closing date
- September 27, 1991
- FDIC certificate #
- 28742
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Valley Nb
- Insurance fund
- RTC
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