Failed Bank Information for First BankAmericano, Elizabeth, NJ
On Friday, July 31, 2009, First BankAmericano was closed by the New Jersey Department of Banking and Insurance. The FDIC was named Receiver. Crown Bank, Brick, NJ acquired all deposit accounts.
The FDIC as Receiver for First BankAmericano, Elizabeth, NJ has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 8, 2020 and has made all dividend distributions required by law.
Effective September 1, 2020, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: September 1, 2020
Publication Date: June 8, 2020
Report on dividends paid
Official press release
Beware 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.
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: CROWN BANK
About Crown Bank
All deposit accounts were transferred to Crown Bank, Brick, NJ ("assuming institution"). Former First BankAmericano locations reopened as branches of Crown Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Crown Bank for at least six months after the failure of First BankAmericano.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Crown Bank as long as the deposits are not pledged as collateral for loans.
Contacting Crown Bank
You can contact Crown Bank:
273 Brick Blvd
Brick Township, NJ 08723
Crown Bank (www.crownbank.net)
Purchase & Assumption Agreement - PDF (922 kb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank