Bank failure · NJ
United Savings FSB (Paterson, NJ) — failed May 15, 1990
United Savings FSB of Paterson, New Jersey was closed on May 15, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $245.8M in assets and $244.8M in deposits. The FDIC's estimated loss on the failure is $21.1M (8.6% of assets).
- Closing date
- May 15, 1990
- FDIC certificate #
- 30147
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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