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Data / Bank failures / City FS&LA

Failed banks taken over by City FS&LA: 3

City FS&LA took over 3 failed banks between December 9, 1981 and January 25, 1982, holding $772.8 million in assets and $578.3 million in deposits. The FDIC estimates the cost to its insurance fund at $23.1 million. The largest: First S&LA of New Brunswick ($405.8 million), Boca Raton FS&LA ($275.8 million), Mohawk S&LA ($91.1 million).

SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.

Every bank it took over, newest first

BankCityStateClosedAssetsDepositsEstimated costAcquirer
First S&LA of New Brunswick (assistance)New BrunswickNJJanuary 25, 1982$405.8 million$265.8 million$9.5 millionCity FS&LA
Boca Raton FS&LA (assistance)Boca RatonFLDecember 9, 1981$275.8 million$236.2 million$8.8 millionCity FS&LA
Mohawk S&LA (assistance)NewarkNJDecember 9, 1981$91.1 million$76.3 million$4.7 millionCity FS&LA

Other acquiring banks

Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.