Data / Bank failures / 2019 / City National Bank of New Jersey
City National Bank of New Jersey, Newark, NJ: failed November 1, 2019
City National Bank of New Jersey in Newark, New Jersey, failed on November 1, 2019. Industrial Bank of Washington, DC, took over its deposits. It held $120.6 million in assets and $111.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.2 million (1% of its assets). By assets it was the largest of 4 banks closed or assisted in 2019.
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The FDIC's record
- Closed
- November 1, 2019
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Industrial Bank, Washington, DC
- Total assets
- $120,574,000
- Total deposits
- $111,234,000
- Estimated cost to the FDIC
- $1,226,619 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 21111
Other bank failures in New Jersey, 2017 to 2021
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Harvest Community Bank | Pennsville | January 13, 2017 | $124.2 million | $122.2 million | $22.2 million | First-Citizens Bank & Trust Company |
All bank failures in 2019 · All bank failures in New Jersey · The full failed bank list
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.