First Atlantic Savings and Loan Association
Status: | Inactive as of 06/22/1990 |
Absorption - Assisted | |
Successor Bank: | First Atlantic Federal Savings and Loan Association |
Headquarters: | First Atlantic Savings and Loan Association 107 Park Ave Plainfield, NJ 07060 |
Established: | 01/01/1929 |
FDIC Insurance: | 08/09/1989 |
FDIC Cert: | #27739 |
Charter Class: | |
Total Assets: | $1,089,071,000 |
Total Deposits: | $959,159,000 |
History
1929-01-01 | Institution established: Original name:Queen City Savings and Loan Association | |
1979-03-31 | Acquired Mid-Jersey Savings and Loan Association (29091) in DUNELLEN, NJ | |
1982-08-31 | Acquired Capital Savings and Loan Association (28591) in CRANFORD, NJ | |
1986-01-31 | Changed name to First Atlantic Savings and Loan Association | |
1990-02-23 | Placed into government conservatorship. | |
1990-06-22 | Institution established: Original name:First Atlantic Federal Savings and Loan Association (33030) | |
1990-06-22 | Failed. Acquired with government financial assistance and subsequently operated as part of First Atlantic Federal Savings and Loan Association (33030) | |
1991-09-13 | Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits. | |
1991-09-13 | Government conservatorship or bridge bank resolved. |