Bank failure · NJ

River Edge S&la (River Edge, NJ) — failed August 2, 1982

River Edge S&la of River Edge, New Jersey was closed on August 2, 1982 and resolved through a a/a. Carteret S&la (NJ) took over its insured deposits. At failure it held $61.7M in assets and $47.5M in deposits. The FDIC's estimated loss on the failure is $4.6M (7.5% of assets).