Data / Bank failures / 1982 / First S&LA of New Brunswick
First S&LA of New Brunswick, New Brunswick, NJ: received FDIC assistance January 25, 1982
First S&LA of New Brunswick in New Brunswick, New Jersey, received open bank assistance from the FDIC on January 25, 1982. It held $405.8 million in assets and $265.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9.5 million (2.4% of its assets). By assets it was the 28th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- January 25, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- City FS&LA, Elizabeth, NJ
- Total assets
- $405,822,546
- Total deposits
- $265,836,053
- Estimated cost to the FDIC
- $9,537,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 29737
Other bank failures in New Jersey, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Orange Savings Bank (assistance) | Livingston | September 28, 1984 | $513.4 million | $498 million | $7.3 million | Hudson City Savings Bank |
| Suburban S&LA (assistance) | Wayne | August 31, 1983 | $2.02 billion | $1.75 billion | $60 million | Anchor SB FSB NJ |
| Pan American National Bank | Union City | March 18, 1983 | $37.2 million | $36.3 million | $5 million | Hudson United Bank |
| 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 |
Other failed banks City FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Boca Raton FS&LA (assistance) | Boca Raton | FL | December 9, 1981 | $275.8 million | $236.2 million | $8.8 million | City FS&LA |
| Mohawk S&LA (assistance) | Newark | NJ | December 9, 1981 | $91.1 million | $76.3 million | $4.7 million | City FS&LA |
All bank failures in 1982 · All bank failures in New Jersey · Every failed bank City FS&LA took over · 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.