Bank failure · NJ
Yorkwood S & LA (Maplewood, NJ) — failed March 9, 1990
Yorkwood S & LA of Maplewood, New Jersey was closed on March 9, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $205.3M in assets and $191.3M in deposits. The FDIC's estimated loss on the failure is $53.2M (25.9% of assets).
- Closing date
- March 9, 1990
- FDIC certificate #
- 30398
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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