Bank Failure
CONTINENTAL S&LA
Closed May 1, 1980 · GLOUCESTER CITY, NJ · FDIC Cert #31221.
- Closing date
- May 1, 1980
- Headquarters
- GLOUCESTER CITY, NJ
- FDIC Certificate
- 31221
- Total assets at closing
- $74,926,000
- Total deposits at closing
- $58,495,000
- Resolution type
- other
- Acquirer
- COLLECTIVE FS&LA
Context
On May 1, 1980, regulators closed CONTINENTAL S&LA, headquartered in GLOUCESTER CITY, NJ. At closing, the institution held approximately $74,926,000 in assets and $58,495,000 in deposits. The FDIC arranged a resolution under which COLLECTIVE FS&LA acquired the failed bank's operations.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1980
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1980-12-31 | EAST GADSDEN BANK | GADSDEN, AL | $43,980,000 |
| 1980-12-31 | EAST GADSDEN BANK | GADSDEN, AL | $43,980,000 |
| 1980-11-21 | CITIZENS STATE BK OF GALENA | GALENA, KS | $10,338,000 |
| 1980-11-01 | SIOUX CITY FS&LA | SIOUX CITY, IA | $25,351,000 |
| 1980-10-14 | FIRST OF NILES FS&LA | NILES, MI | $131,814,000 |
| 1980-10-11 | THE ROCHELLE BK & TR CO. | ROCHELLE, IL | $8,430,000 |
| 1980-09-12 | THE METRO BK OF HUNTINGTON, INC. | HUNTINGTON, WV | $26,969,000 |
| 1980-09-01 | SECURITY S&LA | MARION, IA | $54,603,000 |
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