Data / Bank failures / 1983 / Suburban S&LA
Suburban S&LA, Wayne, NJ: received FDIC assistance August 31, 1983
Suburban S&LA in Wayne, New Jersey, received open bank assistance from the FDIC on August 31, 1983. It held $2.02 billion in assets and $1.75 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $60 million (3% of its assets). By assets it was the 2nd largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- August 31, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Anchor SB FSB NJ, Wayne, NJ
- Total assets
- $2,017,750,886
- Total deposits
- $1,747,530,210
- Estimated cost to the FDIC
- $60,001,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28881
Other bank failures in New Jersey, 1981 to 1985
| 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 |
| 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 |
All bank failures in 1983 · 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.