Data / Bank failures / 2012 / Fort Lee Federal Savings Bank, FSB
Fort Lee Federal Savings Bank, FSB, Fort Lee, NJ: failed April 20, 2012
Fort Lee Federal Savings Bank, FSB in Fort Lee, New Jersey, failed on April 20, 2012. Alma Bank of Astoria, NY, took over its deposits. It held $48.9 million in assets and $47.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11.9 million (24.4% of its assets). By assets it was the 46th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- April 20, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Alma Bank, Astoria, NY
- Total assets
- $48,861,000
- Total deposits
- $47,786,000
- Estimated cost to the FDIC
- $11,925,425 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 35527
Other bank failures in New Jersey, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank | Cranford | October 14, 2011 | $191.9 million | $188.1 million | $45.6 million | Northfield Bank |
| Isn Bank | Cherry Hill | September 17, 2010 | $81.6 million | $79.7 million | $18.9 million | New Century Bank |
All bank failures in 2012 · 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.