Bank failure · NJ

The First National Bank of Toms River (Toms River, NJ) — failed May 22, 1991

The First National Bank of Toms River of Toms River, New Jersey was closed on May 22, 1991 and resolved through a purchase and assumption. First Fidelity Bank, Nation (NJ) took over its insured deposits. At failure it held $1.4B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $115.6M (8.2% of assets).