Amerifederal Savings Bank

Status:Inactive as of 03/01/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:AmeriFederal Savings Bank, FSB
Headquarters:Amerifederal Savings Bank
Quakerbridge Exec Center, Grovers Mil
Lawrence Township, NJ 08648
Established:08/27/1984
FDIC Insurance:08/09/1989
FDIC Cert:#32235
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$110,647,000
Total Deposits:$99,469,000

History

1984-08-27Institution established: Original name:Amerifederal Savings Bank
1988-07-31Acquired Robert Treat Savings and Loan Association (30171) in NEWARK, NJ
1988-11-30Moved bank headquarters from LAWRENCE TOWNSHIP, NJ to LAWRENCEVILLE, NJ
1991-03-01Placed into government conservatorship.
1991-03-01Failed, went into receivership, and then became part of AmeriFederal Savings Bank, FSB (33328)
1991-03-01Institution established: Original name:AmeriFederal Savings Bank, FSB (33328)
1991-09-20Government conservatorship or bridge bank resolved.
1991-09-20Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.