Newton Savings Bank, SLA

Status:Inactive as of 05/03/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Newton Savings Bank, FSB
Headquarters:Newton Savings Bank, SLA
15 Trinity Street
Newton, NJ 07860
Established:01/01/1890
FDIC Insurance:07/24/1962
FDIC Cert:#31179
Charter Class:
Total Assets:$40,854,000
Total Deposits:$38,447,000

History

1890-01-01Institution established: Original name:Newton Savings and Loan Association
1987-08-31Changed organization type to STOCK SAVINGS & LOAN
1988-09-30Changed name to Newton Savings Bank, SLA
1991-05-03Institution established: Original name:Newton Savings Bank, FSB (33395)
1991-05-03Placed into government conservatorship.
1991-05-03Failed, went into receivership, and then became part of Newton Savings Bank, FSB (33395)
1992-03-20Acquired after government financial assistance and subsequently operated as part of The Sussex County State Bank (22221)
1992-03-20Government conservatorship or bridge bank resolved.
2001-10-01Changed name to Sussex Bank (22221)
2007-04-03Reorganized.
2018-01-04Acquired Community Bank of Bergen County, N. J. (571) in MAYWOOD, NJ
2018-04-25Changed name to SB One Bank (22221)
2018-12-21Acquired Enterprise Bank NJ (57055) in KENILWORTH, NJ
2020-07-31Merged into and subsequently operated as part of Provident Bank (12010) in Jersey City, NJ