Data / Bank failures / 1980 / Continental S&LA
Continental S&LA, Gloucester City, NJ: received FDIC assistance May 1, 1980
Continental S&LA in Gloucester City, New Jersey, received open bank assistance from the FDIC on May 1, 1980. It held $74.9 million in assets and $58.5 million in deposits at its last report. By assets it was the 8th largest of 22 banks closed or assisted in 1980.
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The FDIC's record
- Closed
- May 1, 1980
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Collective FS&LA, Egg Harbor City, NJ
- Total assets
- $74,926,425
- Total deposits
- $58,495,180
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31221
Other bank failures in New Jersey, 1978 to 1982
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Barton S&LA (assistance) | Newark | October 1, 1982 | $170.4 million | $123 million | $11.8 million | Carteret S&LA FA |
| River Edge S&LA (assistance) | River Edge | August 2, 1982 | $61.7 million | $47.5 million | $4.6 million | Carteret S&LA |
| Princeton S&LA (assistance) | Princeton | July 31, 1982 | $249.6 million | $197.2 million | Security S&LA | |
| First FS&LA of Burlington Cty (assistance) | Cinnamonson | July 31, 1982 | $135.2 million | $104.8 million | $4 million | Security SAVINGS&LOAN Assn |
| United States BK of Newark, N.J. (assistance) | Newark | March 11, 1982 | $688.5 million | $576.4 million | $77.3 million | Hudson City Savings Bank |
| First S&LA of New Brunswick (assistance) | New Brunswick | January 25, 1982 | $405.8 million | $265.8 million | $9.5 million | City FS&LA |
| Mohawk S&LA (assistance) | Newark | December 9, 1981 | $91.1 million | $76.3 million | $4.7 million | City FS&LA |
| Livingston State Bank | Livingston | October 12, 1979 | $12.7 million | $11 million |
All bank failures in 1980 · 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.