Bank failure · NJ
White Horse Fs & LA (Trenton, NJ) — failed November 22, 1991
White Horse Fs & LA of Trenton, New Jersey was closed on November 22, 1991 and resolved through a purchase and assumption. Collective FSB (NJ) took over its insured deposits. At failure it held $72.5M in assets and $67.9M in deposits. The FDIC's estimated loss on the failure is $16.8M (23.2% of assets).
- Closing date
- November 22, 1991
- FDIC certificate #
- 30665
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Collective FSB
- Insurance fund
- RTC
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