Action Federal Savings Bank

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Action Federal Savings Bank Detail Information

Action Federal Savings Bank
500 New Road
Somers Point, New Jersey 8244
Primary Internet Web Address:

FDIC Certificate #: 33257
Active: No
Bank Charter Class: SA - savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS).
Structural event relating to an institution: Pass Through Receivership Merger
Action Federal Savings Bank Established Date: 11/15/1990
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Secondary Insurance Fund:

About Action Federal Savings Bank as of 9/6/2007 (NJ Bank):

• County: Atlantic
• Action Federal Savings Bank is NOT being operated in government conservatorship.
• Institution is currently closed but were once insured by the FDIC.
• Includes institutions insured by the FDIC.
• Member of the Savings Association Insurance Fund. As of April 1, 2006 SAIF was merged together with the Bank Insurance Fund (BIF) to create a single Deposit Insurance Fund (DIF). All FDIC insured SAIF member institutions, that are still active or open, are now insured members of DIF.
• Includes savings institutions insured by the FDIC that operate under state or federal banking codes applicable to thrift institutions. These institutions are regulated by and submit financial reports to one of two Federal regulators (FDIC or Office of Thrift Supervision).
• Bank Holding Company Type: Jamesburg
• Regulator: OTS
• Metropolitan Statistical Area (MSA): Atlantic-Cape May, NJ
• Office of Thrift Supervision Region: Northeast
• FDIC Supervisory Region: New York
• Federal Reserve District: New York
• Bank Holding Company (Regulatory Top Holder):
• Regulatory holding company state location:

Office: 8 Action Federal Savings Bank Branch/Bank Locations

_{*Data by The Federal Deposit Insurance Corporation (FDIC)}