Colonial Savings Bank, SLA

Status:Inactive as of 11/09/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Colonial Federal Savings Association
Headquarters:Colonial Savings Bank, SLA
1 West Westfield Avenue
Roselle Park, NJ 07204
Established:01/01/1904
FDIC Insurance:08/09/1989
FDIC Cert:#30190
Charter Class:
Total Assets:$427,118,000
Total Deposits:$337,964,000

History

1904-01-01Institution established: Original name:Colonial Savings and Loan Association
1986-10-31Changed organization type to STOCK SAVINGS & LOAN
1988-02-29Changed name to Colonial Savings Bank, SLA
1989-11-09Placed into government conservatorship.
1989-11-09Failed, went into receivership, and then became part of Colonial Federal Savings Association (32830)
1989-11-09Institution established: Original name:Colonial Federal Savings Association (32830)
1991-07-05Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1991-07-05Government conservatorship or bridge bank resolved.