Bank failure · NJ

Riverside Savings Bank (Riverside, NJ) — failed November 2, 1990

Riverside Savings Bank of Riverside, New Jersey was closed on November 2, 1990 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $177.8M in assets and $145.0M in deposits. The FDIC's estimated loss on the failure is $57.2M (32.2% of assets).