Data / Bank failures / 1982 / United States BK of Newark, N.J.
United States BK of Newark, N.J., Newark, NJ: received FDIC assistance March 11, 1982
United States BK of Newark, N.J. in Newark, New Jersey, received open bank assistance from the FDIC on March 11, 1982. It held $688.5 million in assets and $576.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $77.3 million (11.2% of its assets). By assets it was the 17th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- March 11, 1982
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Hudson City Savings Bank, Paramus, NJ
- Total assets
- $688,491,000
- Total deposits
- $576,360,000
- Estimated cost to the FDIC
- $77,340,430 (estimate as of July 31, 2026)
- Insurance fund
- FDIC
- FDIC certificate
- 12015
Other bank failures in New Jersey, 1980 to 1984
| 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 |
| 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 |
| First S&LA of New Brunswick (assistance) | New Brunswick | January 25, 1982 | $405.8 million | $265.8 million | $9.5 million | City FS&LA |
Other failed banks Hudson City Savings Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Orange Savings Bank (assistance) | Livingston | NJ | September 28, 1984 | $513.4 million | $498 million | $7.3 million | Hudson City Savings Bank |
All bank failures in 1982 · All bank failures in New Jersey · Every failed bank Hudson City Savings 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.