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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for First State Bank, Cranford, NJ

On Friday, October 14, 2011, First State Bank was closed by the New Jersey Department of Banking and Insurance. The FDIC was named Receiver. Northfield Bank, Staten Island, NY acquired all deposit accounts.

The FDIC as Receiver for First State Bank, Cranford, NJ has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on May 22, 2017 and has made all dividend distributions required by law.

Effective October 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: October 1, 2017


Notice of Intent to Terminate

Publication Date: May 22, 2017

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: NORTHFIELD BANK

About Northfield Bank

All deposit accounts were transferred to Northfield Bank, Staten Island, NY ("assuming institution"). Former First State Bank locations reopened as branches of Northfield Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Northfield Bank for at least six months after the failure of First State Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Northfield Bank as long as the deposits are not pledged as collateral for loans.

Contacting Northfield Bank

You can contact Northfield Bank:

Northfield Bank
1731 Victory Boulevard
Staten Island, NY 10314

Northfield Bank (www.enorthfield.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (4Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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