Fort Lee Federal Savings Bank

Fort Lee, N.J. | See all recipients in New Jersey
Revenue to Gov't
Net Outstanding

On 4/20/2012, Fort Lee Federal Savings Bank, FSB, Fort Lee, New Jersey, was closed by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.

This investment resulted in a loss to taxpayers.

Date Type Amount Program Description
08/16/2010 Dividend $17,713 CPP
Dividends payment
05/17/2010 Dividend $17,713 CPP
Dividends payment
02/16/2010 Dividend $17,713 CPP
Dividends payment
11/16/2009 Dividend $17,713 CPP
Dividends payment
08/17/2009 Dividend $16,335 CPP
Dividends Paid in Aug. 2009
05/22/2009 Purchase $1,300,000 CPP
Purchase - Preferred Stock w/ Exercised Warrants
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