Data / Bank failures / 2010 / Isn Bank
Isn Bank, Cherry Hill, NJ: failed September 17, 2010
Isn Bank in Cherry Hill, New Jersey, failed on September 17, 2010. New Century Bank of Phoenixville, PA, took over its deposits. It held $81.6 million in assets and $79.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $18.9 million (23.1% of its assets). By assets it was the 129th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- September 17, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- New Century Bank, Phoenixville, PA
- Total assets
- $81,564,000
- Total deposits
- $79,652,000
- Estimated cost to the FDIC
- $18,855,922 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57107
Other bank failures in New Jersey, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Fort Lee Federal Savings Bank, FSB | Fort Lee | April 20, 2012 | $48.9 million | $47.8 million | $11.9 million | Alma Bank |
| First State Bank | Cranford | October 14, 2011 | $191.9 million | $188.1 million | $45.6 million | Northfield Bank |
| First Bankamericano | Elizabth | July 31, 2009 | $163.4 million | $155.5 million | $20 million | Crown Bank |
| Citizens Community Bank | Ridgewood | May 1, 2009 | $40.7 million | $40.7 million | $18.2 million | North Jersey Community Bank |
Other failed banks New Century Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| USA Bank | Port Chester | NY | July 9, 2010 | $190.7 million | $188.6 million | $63.5 million | New Century Bank |
All bank failures in 2010 · All bank failures in New Jersey · Every failed bank New Century Bank 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.