Data / Bank failures / 1987 / Tri-County S&LA
Tri-County S&LA, Camden, NJ: failed November 13, 1987
Tri-County S&LA in Camden, New Jersey, failed on November 13, 1987. First American Savings FA of Jenkintown, PA, took over its deposits. It held $36.5 million in assets and $46.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $18.9 million (51.8% of its assets). By assets it was the 103rd largest of 262 banks closed or assisted in 1987.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- November 13, 1987
- Type
- Failure
- Acquirer
- First American Savings FA, Jenkintown, PA
- Total assets
- $36,501,000
- Total deposits
- $46,220,000
- Estimated cost to the FDIC
- $18,905,200 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31155
Other bank failures in New Jersey, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
All bank failures in 1987 · 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.