Data / Bank failures / New Jersey
Bank failures in New Jersey: 98 banks since 1935
98 banks in New Jersey failed between 1935 and 2019, holding $30.64 billion in assets and $24.62 billion in deposits. The FDIC estimates the cost to its insurance fund at $3.52 billion. The FDIC also assisted 14 open banks without closing them. The largest: City Savings, FSB ($9.81 billion), Carteret FSB ($4.83 billion), The Howard Savings Bank ($3.46 billion). By decade: 1930s 31, 1940s 7, 1950s 1, 1970s 4, 1980s 21, 1990s 40, 2000s 3, 2010s 5.
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| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| City National Bank of New Jersey | Newark | November 1, 2019 | $120.6 million | $111.2 million | $1.2 million | Industrial Bank |
| Harvest Community Bank | Pennsville | January 13, 2017 | $124.2 million | $122.2 million | $22.2 million | First-Citizens Bank & Trust Company |
| 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 |
| Isn Bank | Cherry Hill | September 17, 2010 | $81.6 million | $79.7 million | $18.9 million | New Century 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 |
| Dollar Savings Bank | Newark | February 14, 2004 | $13.4 million | $10.9 million | ||
| Security Federal | Vineland | December 4, 1992 | $1.19 billion | $857.6 million | $41.4 million | Meridian Bank, NJ |
| Carteret FSB | Madison | December 4, 1992 | $4.83 billion | $2.72 billion | $24 million | |
| Polifly FS & La | New Milford | November 20, 1992 | $458 million | $374 million | $35.1 million | |
| The Howard Savings Bank | Newark | October 2, 1992 | $3.46 billion | $3.38 billion | $68 million | First Fidelity Bank NA N |
| Hometown Bank | Edison | September 25, 1992 | $25.2 million | $24.8 million | $7.3 million | Somerset Trust Co |
| Highlands Community Bank, N.A. | Clinton Township | September 25, 1992 | $19.7 million | $19.5 million | $2.5 million | Somerset Trust Co |
| Volunteer Fsa | Little Ferry | June 5, 1992 | $51.2 million | $49.4 million | $5.2 million | Interchange State Bank |
| Powder Mill Bank | Morris Plains | May 22, 1992 | $49.6 million | $47.9 million | $6.9 million | Valley National Bank |
| Broadway Bank | Paterson | March 13, 1992 | $400.5 million | $383.3 million | $76.2 million | Hudson United Bank |
| Hansen Fsa | Hammonton | January 10, 1992 | $572.4 million | $427.3 million | $42.4 million | Collective FSB |
| White Horse FS & La | Trenton | November 22, 1991 | $72.5 million | $67.9 million | $16.8 million | Collective FSB |
| Marine View FSB | Middletown | November 1, 1991 | $119.2 million | $107.5 million | $3.8 million | Summit Bank |
| Nutley Savings & Loan | Nutley | September 27, 1991 | $188.6 million | $178.5 million | $17.9 million | Valley NB |
| Mid-Jersey National Bank | Somerville | September 20, 1991 | $29.5 million | $28.5 million | $6 million | United Jersey Bank/central |
| Suburban National Bank | Hillsborough TWNS | July 26, 1991 | $91.1 million | $91.3 million | $27.8 million | Provident Savings Bank |
| Community Guardian Bank | Elmwood Park | July 19, 1991 | $55.3 million | $55 million | $16 million | Interchange State Bank |
| Metrobank FS & La | Palisades Park | June 28, 1991 | $474.3 million | $350.1 million | $145.8 million | First FSB of de |
| The First National Bank of Toms River | Toms River | May 22, 1991 | $1.42 billion | $1.38 billion | $115.6 million | First Fidelity Bank, Nation |
| Newton Savings Bank, Fsa | Fairfield | May 3, 1991 | $40.9 million | $38.4 million | $3.6 million | Sussex County State Bank |
| Prospect Park, FSB | West Paterson | April 19, 1991 | $511.5 million | $474.3 million | $94.8 million | Lakeview SB |
| Alexander Hamilton | Paterson | March 8, 1991 | $210.7 million | $212.9 million | $4 million | First Fidelity Bank, NA |
| Amerified Savings Bank | Lawrenceville | March 1, 1991 | $110.6 million | $99.5 million | $17.6 million | |
| First Jersey S & La Assoc. | Wyckoff | February 8, 1991 | $287.7 million | $257.4 million | $37.8 million | Valley NB |
| Center S & La | Clifton | January 25, 1991 | $132.6 million | $125.4 million | $15.3 million | Hub Center Bank |
| Irving Savings & Loan | Paterson | January 18, 1991 | $222.5 million | $235.8 million | $25.7 million | Hudson United Bank |
| Trident Federal S & L Assoc. | Newark | January 4, 1991 | $47.2 million | $44.2 million | $7.5 million | Collective FSB |
| Old Borough Savings & Loan | Trenton | December 14, 1990 | $133.5 million | $117.2 million | $6,444 | New Jersey NB |
| Empire Savings Bank | Hammonton | December 14, 1990 | $219.3 million | $193.7 million | $28.3 million | United Jersey Bank/so., NA |
| Action Federal Savings | Sommers Point | November 15, 1990 | $262 million | $199 million | $81.7 million | First FSB of de |
| Riverside Savings Bank | Riverside | November 2, 1990 | $177.8 million | $145 million | $57.2 million | |
| Mountain Ridge State Bank | West Orange | October 5, 1990 | $51.4 million | $50.2 million | $12.8 million | Mountain Ridge Bank |
| Mercer Savings Bank | Trenton | September 21, 1990 | $92.7 million | $83.4 million | $18.6 million | Pulawski SB, SLA |
| Mainstay Federal Savings | Red Bank | July 20, 1990 | $226.1 million | $165.9 million | $52.5 million | Bankers Savings |
| The Montgomery National Bank | Montgomery TWNSP | June 29, 1990 | $92.6 million | $91.6 million | Amboy National Bank | |
| United S & L of Trenton | Trenton | June 15, 1990 | $277.7 million | $277.3 million | $33.8 million | Penn SB, FSB |
| United Savings FSB | Paterson | May 15, 1990 | $245.8 million | $244.8 million | $21.1 million | |
| Mutual Aide S & La | Manasquan | May 4, 1990 | $103.3 million | $105 million | $17.9 million | Provident SB |
| Nassau S & La | Princeton | March 9, 1990 | $313.1 million | $275.6 million | $51.9 million | Penn SB, FSB |
| Yorkwood S & La | Maplewood | March 9, 1990 | $205.3 million | $191.3 million | $53.2 million | |
| First Atlantic S & La | Plainfield | February 23, 1990 | $1.30 billion | $1.01 billion | $233.5 million | |
| City Savings, FSB | Somerset | December 8, 1989 | $9.81 billion | $7.32 billion | $1.57 billion | |
| Colonial Federal Savings Assoc. | Roselle Park | November 9, 1989 | $427.1 million | $338 million | $103.5 million | |
| Metropolitan Fed. S & L Assoc. | Denville | April 27, 1989 | $168.2 million | $174.9 million | $15,545 | Collective FSB |
| Elysian Federal Savings Bank | Hoboken | February 17, 1989 | $198.7 million | $200.6 million | $30.9 million | Pamrapo SB, SLA |
| North Jersey Federal Sav. Assoc. | Passaic | February 17, 1989 | $278.1 million | $304.3 million | $131.5 million | Valley NB |
| Reliance FS&LA (assistance) | Rahway | November 2, 1988 | $64.3 million | $82.5 million | $11.4 million | Crossland Savings FSB |
| Lincoln FS&LA (assistance) | Westfield | November 1, 1988 | $1.25 billion | $964.6 million | $210.3 million | First Nationwide |
| First FS&LA of Hammonton (assistance) | Hammonton | May 25, 1988 | $237.6 million | $298.3 million | $82 million | Raritan Valley S&LA |
| Tri-County S&LA | Camden | November 13, 1987 | $36.5 million | $46.2 million | $18.9 million | First American Savings FA |
| Fort Lee S&LA (assistance) | Fort Lee | June 30, 1987 | $170.6 million | $183.3 million | $13.1 million | Ensign Bank FSB |
| 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 |
| 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 |
| Continental S&LA (assistance) | Gloucester City | May 1, 1980 | $74.9 million | $58.5 million | Collective FS&LA | |
| Livingston State Bank | Livingston | October 12, 1979 | $12.7 million | $11 million | ||
| First State Bank of Hudson County | Jersey City | June 14, 1976 | $14.1 million | $13.8 million | ||
| The Bank of Bloomfield | Bloomfield | January 10, 1976 | $31.7 million | $26 million | ||
| Eatontown National Bank | Eatontown | August 7, 1970 | $21.4 million | $15.9 million | ||
| The Manufacturers' Bank of Edgewater | Edgewater | July 17, 1958 | $2.4 million | $2.2 million | ||
| Columbus Trust Company | Newark | July 24, 1948 | $7.9 million | $7.9 million | ||
| The Haddonfield National Bank | Haddonfield | February 28, 1942 | $2.7 million | |||
| The Westfield Trust Company | Westfield | June 22, 1940 | $4.7 million | |||
| First State Bank of Scotch Plains | Scotch Plains | June 22, 1940 | $612,000 | |||
| The Swedesboro National Bank | Swedesboro | March 16, 1940 | $680,000 | |||
| Woodcliff Trust Company | North Bergen | February 3, 1940 | $1.5 million | |||
| Bankers Trust Company | Atlantic City | February 1, 1940 | $2.1 million | $986,000 | ||
| The Tuckerton Bank | Tuckerton | December 27, 1939 | $735,000 | $624,000 | ||
| The Egg Harbor Commercial Bank | Egg Harbor City | October 7, 1939 | $865,000 | |||
| Kearny National Bank | Kearny | June 30, 1939 | $3.1 million | |||
| West Hudson County Trust Company | Harrison | June 30, 1939 | $5.8 million | |||
| Pleasantville Trust Company | Pleasantville | June 30, 1939 | $1.1 million | $936,000 | ||
| The Hamilton Trust Company of Paterson | Paterson | June 17, 1939 | $3.7 million | $2.9 million | ||
| Merchants Trust Company | Union City | June 3, 1939 | $5.6 million | |||
| Commonwealth Trust Company | Union City | June 3, 1939 | $5.8 million | |||
| Gloucester City Trust Company | Gloucester City | June 3, 1939 | $1.2 million | |||
| Hudson Trust Company | Union City | April 29, 1939 | $24.5 million | |||
| Columbia Trust Company of New Jersey | Hoboken | April 29, 1939 | $1.5 million | |||
| West Bergen Trust Company | Jersey City | April 20, 1939 | $2.7 million | |||
| The Trust Company of New Jersey | Jersey City | April 20, 1939 | $48.8 million | |||
| The First National Bank of Plainfield | Plainfield | April 8, 1939 | $4.1 million | |||
| Rahway Trust Company | Rahway | March 11, 1939 | $1.2 million | |||
| The First Nat'l Bank & TR Co. of Blackwood | Blackwood | February 18, 1939 | $708,000 | |||
| North Camden Trust Company | Camden | February 11, 1939 | $820,000 | |||
| The New Jersey Title Guarantee & Trust Co. | Jersey City | February 11, 1939 | $30.7 million | $21.7 million | ||
| The American National Bank of Camden | Camden | February 4, 1939 | $820,000 | |||
| West Jersey Trust Company | Camden | April 11, 1938 | $9 million | |||
| Camden Safe Deposit & Trust Company | Camden | April 11, 1938 | $22.6 million | |||
| Margate Trust Company | Margate City | April 2, 1938 | $702,000 | $367,000 | ||
| The Little Ferry National Bank | Little Ferry | October 22, 1937 | $744,000 | |||
| The Raritan Trust Company | Perth Amboy | October 2, 1937 | $707,000 | $365,000 | ||
| Perth Amboy Trust Company | Perth Amboy | October 2, 1937 | $2.9 million | $1.3 million | ||
| The First National Bank of Perth Amboy | Perth Amboy | October 2, 1937 | $3.7 million | |||
| Westwood Trust Company | Westwood | September 30, 1937 | $648,000 | |||
| D'auria Bank & Trust Company | Newark | July 15, 1936 | $1.2 million | $1.1 million | ||
| Central Bank and Trust Company | Newark | June 29, 1936 | $361,000 | |||
| Livingston State Bank | Livingston | December 14, 1935 | $91,000 | $72,000 | ||
| Cliffside Park Title Guarantee & Trust Co. | Grantwood | January 3, 1935 | $2.3 million | $590,000 |
Other states
- Alabama 39
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Iowa 83
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Maryland 36
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Mississippi 38
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Mexico 32
- New York 104
- North Carolina 30
- North Dakota 43
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- South Dakota 44
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Virginia 54
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
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.