Bank failure · NJ
Old Borough Savings & Loan (Trenton, NJ) — failed December 14, 1990
Old Borough Savings & Loan of Trenton, New Jersey was closed on December 14, 1990 and resolved through a insured deposit transfer. New Jersey Nb (NJ) took over its insured deposits. At failure it held $133.5M in assets and $117.2M in deposits. The FDIC's estimated loss on the failure is $6K (0.0% of assets).
- Closing date
- December 14, 1990
- FDIC certificate #
- 30645
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- New Jersey Nb
- Insurance fund
- RTC
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