Bank failure · NJ

Volunteer Fsa (Little Ferry, NJ) — failed June 5, 1992

Volunteer Fsa of Little Ferry, New Jersey was closed on June 5, 1992 and resolved through a purchase and assumption. Interchange State Bank (NJ) took over its insured deposits. At failure it held $51.2M in assets and $49.4M in deposits. The FDIC's estimated loss on the failure is $5.2M (10.1% of assets).