Bank failure · NJ
United S & L of Trenton (Trenton, NJ) — failed June 15, 1990
United S & L of Trenton of Trenton, New Jersey was closed on June 15, 1990 and resolved through a purchase and assumption. Penn Sb, FSB (PA) took over its insured deposits. At failure it held $277.7M in assets and $277.3M in deposits. The FDIC's estimated loss on the failure is $33.8M (12.2% of assets).
- Closing date
- June 15, 1990
- FDIC certificate #
- 27617
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Penn Sb, FSB
- Insurance fund
- RTC
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