meta_id 3011159

On February 2026, the New Jersey Department of Banking and Insurance issued an Amended and Restated Consent Order to Union County Savings Bank, Elizabeth, New Jersey. The order consolidates and amends two previous consent orders issued on November 30, 2022, and May 29, 2024. The Amended and Restated Consent Order addresses unsafe or unsound banking practices at the institution. Under the New Jersey Banking Act of 1948 (N.J.S.A. 17:9A-1 to -467), the Commissioner of Banking and Insurance holds authority to order state-chartered financial institutions to cease unsafe or unsound practices. Union County Savings Bank, a state-chartered financial institution, consented to the order without admitting or denying charges of unsafe or unsound banking practices or violations of law or regulation. The order was issued pursuant to N.J.S.A. 17:9A-267 and represents an agreement between the Commissioner and the Bank's board of trustees. The consolidation of the previous consent orders into a single amended order streamlines regulatory oversight and establishes unified requirements for the Bank's compliance and remediation efforts going forward. REFERENCES: New Jersey Department of Banking and Insurance. Amended and Restated Consent Order: Union County Savings Bank, February 2026.