Nutley Savings Bank, SLA

Status:Inactive as of 09/27/1991
 Absorption - Assisted
Successor Bank:Valley National Bank
Headquarters:Nutley Savings Bank, SLA
371 Franklin Avenue
Nutley, NJ 07110
Established:01/01/1919
FDIC Insurance:06/29/1942
FDIC Cert:#28742
Charter Class:
Total Assets:$188,649,000
Total Deposits:$178,510,000

History

1919-01-01Institution established: Original name:Nutley Savings and Loan Association
1981-07-31Acquired Monroe Savings and Loan Association of Newark (30229) in NEWARK, NJ
1989-03-31Changed name to Nutley Savings Bank, SLA
1991-09-27Failed. Acquired with government financial assistance and subsequently operated as part of Valley National Bank (9396)
1991-10-18Acquired Yorkwood Federal Savings and Loan Association (32983) in MAPLEWOOD, NJ
1992-05-22Acquired Powder Mill Bank (27001) in MORRIS PLAINS, NJ
1993-01-29Acquired Mayflower Savings Bank SLA (30436) in LIVINGSTON, NJ
1993-06-18Acquired Peoples Bank, National Association (6303) in BELLEVILLE, NJ
1994-11-30Acquired RockBank (20389) in PLAINFIELD, NJ
1995-02-28Acquired American Union Bank (32966) in UNION, NJ
1995-06-30Acquired Lakeland Savings Bank (30690) in SUCCASUNNA, NJ
1997-03-01Acquired The Midland Bank and Trust Company (17867) in PARAMUS, NJ
1998-10-16Acquired Wayne Savings Bank, F.S.B. (28728) in WAYNE, NJ
1999-06-11Acquired The Ramapo Bank (19721) in WAYNE TOWNSHIP, NJ
2001-01-19Acquired The Merchants Bank of New York (643) in NEW YORK CITY, NY
2001-12-26Reorganized.
2003-12-24Moved bank headquarters from NUTLEY, NJ to PASSAIC, NJ
2005-03-31Acquired Shrewsbury State Bank (21492) in SHREWSBURY, NJ
2005-06-03Acquired NorCrown Bank (26267) in LIVINGSTON, NJ
2008-07-01Acquired Greater Community Bank (26480) in TOTOWA, NJ
2008-09-12Reorganized.
2010-03-11Acquired LibertyPointe Bank (58071) in NEW YORK, NY as part of a government assisted transaction.
2010-03-12Acquired The Park Avenue Bank (27096) in NEW YORK, NY as part of a government assisted transaction.
2011-06-30Reorganized.
2012-01-01Acquired State Bank of Long Island (19695) in JERICHO, NY
2014-11-01Acquired 1st United Bank (35408) in BOCA RATON, FL
2015-12-01Acquired CNLBank (34427) in ORLANDO, FL
2018-01-01Acquired USAmeriBank (58427) in CLEARWATER, FL
2019-12-01Acquired Oritani Bank (28866) in TOWNSHIP OF WASHINGTON, NJ