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

1929-01-01Institution established: Original name:Queen City Savings and Loan Association
1979-03-31Acquired Mid-Jersey Savings and Loan Association (29091) in DUNELLEN, NJ
1982-08-31Acquired Capital Savings and Loan Association (28591) in CRANFORD, NJ
1986-01-31Changed name to First Atlantic Savings and Loan Association
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)
1991-09-13Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1991-09-13Government conservatorship or bridge bank resolved.