The Graveyard › Banks › 2019
City National Bank of New Jersey
Newark, NJ · failed November 1, 2019 · FDIC certificate 21111
City National Bank of New Jersey of Newark, NJ failed on November 1, 2019. It opened on June 11, 1973, 46 years before. At its last report before that it held $120.6 million in assets and $111.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $543.3 million. The FDIC estimates that the Deposit Insurance Fund lost $1.2 million on it.
1984-032019-09
Assets at the end$120.6 millionlast report before November 1, 2019
Deposits at the end$111.2 million
Estimated loss to the fund$1.2 millionDIF
Largest in the quarterly reports$543.3 millionMarch 31, 2009
Equity to assets2.9%September 30, 2019
Loans not being repaid2.6%noncurrent, September 30, 2019
Return on assets-1.36%a year's rate, September 30, 2019
Staff51full time, September 30, 2019
Also ended in 2019
- The Enloe State Bank · Cooper, TX · $36.7 million in assets
- Louisa Community Bank · Louisa, KY · $28.2 million in assets
- Resolute Bank · Maumee, OH · $23.3 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.