Bank failure · NJ
Trident Federal S & L Assoc. (Newark, NJ) — failed January 4, 1991
Trident Federal S & L Assoc. of Newark, New Jersey was closed on January 4, 1991 and resolved through a purchase and assumption. Collective FSB (NJ) took over its insured deposits. At failure it held $47.2M in assets and $44.2M in deposits. The FDIC's estimated loss on the failure is $7.5M (15.9% of assets).
- Closing date
- January 4, 1991
- FDIC certificate #
- 30888
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Collective FSB
- Insurance fund
- RTC
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