The First National Bank of Toms River, N.J.
Toms River, NJ · Owner: Statewide Bcorp
$1.4B
total assets, March 31, 1991
$1.4B
total assets, March 31, 1991
The First National Bank of Toms River, N.J. was a national bank in Toms River, NJ, owned by Statewide Bcorp. It failed on May 22, 1991, and First Fidelity Bank, Nation took over its deposits. At its last report it held $1.4 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1991
This bank failed
- Failed on
- May 22, 1991
- Assets
- $1.4B
- Deposits
- $1.4B
- Estimated cost
- $116M
- Deposits went to
- First Fidelity Bank, Nation, Newark, NJ
Total assets
$1.4B
-23.3% in a year · -13.9% in a quarter
Deposits
$1.4B
-12.8% in a year · -9.7% in a quarter
Loans
$1.0B
-22.1% in a year · -6.0% in a quarter
Profit so far
-$1.8M
Jan 1 to Mar 31, 1991
Capital ratio
-2.07%
-8.45 pts in a year
Return on assets
-0.47%
+1.47 pts in a year
Facts
- Type
- National bank
- Head office
- 40 Main Street, Toms River, NJ, 08753
- County
- Ocean
- Holding company
- Statewide Bcorp
- Established
- Mar 3, 1881
- Failed
- May 22, 1991
- Employees
- 1,087
- Id
- b6499
Quarter by quarter
March 31, 1984 to March 31, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is The First National Bank of Toms River, N.J.?
$1.4 billion in total assets and $1.4 billion in deposits as of March 31, 1991, with assets down 23.3% from a year before. Its loans were $1.0 billion.
Is The First National Bank of Toms River, N.J. profitable?
No: it lost $1.80 million from January 1 to March 31, 1991. Its return on assets was -0.47% a year; about 1% is typical.
Who owns The First National Bank of Toms River, N.J.?
The First National Bank of Toms River, N.J. is owned by Statewide Bcorp, its holding company.
When did The First National Bank of Toms River, N.J. fail?
May 22, 1991. First Fidelity Bank, Nation of Newark, NJ took over its deposits. The estimated cost of the failure was $115.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.