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Federal Deposit
Insurance Corporation

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

Failed Bank Information for ISN Bank, Cherry Hill, NJ

On Friday, September 17, 2010, ISN Bank was closed by the New Jersey Department of Banking and Insurance. The FDIC was named Receiver. New Century Bank (doing business as Customers Bank), Phoenixville, PA acquired all deposit accounts.

The FDIC as Receiver for ISN Bank, Cherry Hill, NJ has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 1, 2017 and has made all dividend distributions required by law.

Effective June 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: June 1, 2017


Notice of Intent to Terminate

Publication Date: March 1, 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: NEW CENTURY BANK (DOING BUSINESS AS CUSTOMERS BANK)

About New Century Bank (doing business as Customers Bank)

All deposit accounts, including brokered deposits, were transferred to New Century Bank (doing business as Customers Bank), Phoenixville, PA ("assuming institution"). Former ISN Bank locations reopened as branches of New Century Bank (doing business as Customers Bank).

Your transferred deposits were separately insured from any accounts you may have already had at New Century Bank (doing business as Customers Bank) for at least six months after the failure of ISN Bank.

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

Contacting New Century Bank (doing business as Customers Bank)

You can contact New Century Bank (doing business as Customers Bank):

New Century Bank (doing business as Customers Bank)
99 Bridge St
Phoenixville, PA 19460

New Century Bank (doing business as Customers Bank) (www.customersbank.com/)

Transaction Documentation

Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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