Failures by State
Bank Failures in New Jersey
98 FDIC-insured banks headquartered in New Jersey have failed since 1935. The most recent was City National Bank of New Jersey on November 1, 2019. The worst year was 1939, with 19 failures. Failed banks held $30.64B in assets at closing.
98
Failures
1935 to 2019
$30.64B
Failed assets
At closing
$3.52B
Estimated DIF loss
FDIC estimate
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Largest bank failures in New Jersey
| Date | Bank | Assets |
|---|---|---|
| Dec 8, 1989 | City Savings, FSB | $9.81B |
| Dec 4, 1992 | Carteret FSB | $4.83B |
| Oct 2, 1992 | The Howard Savings Bank | $3.46B |
| May 22, 1991 | The First National Bank of Toms River | $1.42B |
| Feb 23, 1990 | First Atlantic S & La | $1.30B |
| Dec 4, 1992 | Security Federal | $1.19B |
| Jan 10, 1992 | Hansen FSA | $572.4M |
| Apr 19, 1991 | Prospect Park, FSB | $511.5M |
| Jun 28, 1991 | Metrobank FS & La | $474.3M |
| Nov 20, 1992 | Polifly FS & La | $458.0M |
New Jersey bank failures by year
| Year | Failures | Failed assets |
|---|---|---|
| 2019 | 1 | $120.6M |
| 2017 | 1 | $124.2M |
| 2012 | 1 | $48.9M |
| 2011 | 1 | $191.9M |
| 2010 | 1 | $81.6M |
| 2009 | 2 | $204.0M |
| 2004 | 1 | $13.4M |
| 1992 | 10 | $11.05B |
| 1991 | 16 | $4.01B |
| 1990 | 14 | $3.70B |
| 1989 | 5 | $10.89B |
| 1987 | 1 | $36.5M |
| 1983 | 1 | $37.2M |
| 1979 | 1 | $12.7M |
| 1976 | 2 | $45.7M |
| 1970 | 1 | $21.4M |
| 1958 | 1 | $2.4M |
| 1948 | 1 | $7.9M |
| 1942 | 1 | — |
| 1940 | 5 | $2.1M |
| 1939 | 19 | $36.3M |
| 1938 | 3 | $702K |
| 1937 | 5 | $3.6M |
| 1936 | 2 | $1.2M |
| 1935 | 2 | $2.4M |
Every bank failure in New Jersey
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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