Capital Savings and Loan Association

Status:Inactive as of 08/31/1982
 Merger - Without Assistance
Successor Bank:First Atlantic Savings and Loan Association
Headquarters:Capital Savings and Loan Association
2 N Union Ave
Cranford, NJ 07016
Established:01/01/1887
FDIC Insurance:09/30/1941
FDIC Cert:#28591
Charter Class:

History

1887-01-01Institution established: Original name:Capital Savings and Loan Association
1982-08-31Merged into and subsequently operated as part of Queen City Savings and Loan Association (27739) in PLAINFIELD, NJ
1986-01-31Changed name to First Atlantic Savings and Loan Association (27739)
1990-02-23Placed into government conservatorship.
1990-06-22Institution established: Original name:First Atlantic Federal Savings and Loan Association (33030)
1990-06-22Failed. Acquired with government financial assistance and subsequently operated as part of First Atlantic Federal Savings and Loan Association (33030)
1991-09-13Government conservatorship or bridge bank resolved.
1991-09-13Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.