Somerset Regal Bank on Your Credit Report
In short: Somerset Regal Bank is a state-chartered commercial bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator, operating from Bound Brook, NJ on a charter established in 1887. FDIC certificate 28778 records 14 FDIC-reported offices and $1.19 billion in total assets on the 06/30/2026 call report. Any account it reports makes Somerset Regal Bank the furnisher of that tradeline, which is what gives you a direct FCRA §623 dispute route against the bank and not only against the bureaus. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who Somerset Regal Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
Somerset Regal Bank appears in the FDIC's active-institution file as certificate 28778, established January 1, 1887. As of the 06/30/2026 call report it carried $1.19 billion in total assets and 14 FDIC-reported offices, an average of about $85 million per office.
How Somerset Regal Bank appears on your credit report
Somerset Regal Bank is a regional lender headquartered in Bound Brook, NJ, with 14 FDIC-reported offices and $1.19 billion in assets, on a charter 139 years old. At this size a single account is often handled by a small team, which cuts both ways — errors are less likely to be systemic, but when one occurs there may be no automated process to catch it. A precise written dispute naming the exact field that is wrong tends to work better here than a general statement of disagreement.
Names it may report under
Products that commonly show up
- ◆Personal installment loans originated at Somerset Regal Bank offices
- ◆Agricultural and equipment loans carried on the consumer file when personally obligated
- ◆Credit lines tied to a Somerset Regal Bank relationship account
Grounds to dispute a Somerset Regal Bank entry
Each of these is a reason a Somerset Regal Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Business loan reporting on a personal credit file with no personal pledge on record
- ◆Automatic-payment enrolment that lapsed at Somerset Regal Bank without notice, producing a late mark
- ◆Account transferred between Somerset Regal Bank systems after a core conversion and duplicated
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
Somerset Regal Bank is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, Somerset Regal Bank has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send Somerset Regal Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Somerset Regal Bank questions, answered
Is Somerset Regal Bank FDIC-insured, and what is its certificate number?
Yes. Somerset Regal Bank holds FDIC certificate 28778. The FDIC record shows a charter established January 1, 1887, headquarters in Bound Brook, NJ, and 14 FDIC-reported offices with $1.19 billion in total assets as of the 06/30/2026 call report. It is a state-chartered commercial bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator.
Who regulates Somerset Regal Bank, and where do I escalate if a dispute fails?
Somerset Regal Bank is a state-chartered commercial bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator, so its primary federal oversight comes from the FDIC, working alongside the state banking department. If a dispute with the bank and the bureaus both fail, you can complain to the FDIC, to the NJ state regulator, or to the CFPB. That does not replace your FCRA rights — it is an escalation path on top of them.
How old is the Somerset Regal Bank charter, and why does that matter for my credit report?
Somerset Regal Bank's charter predates the Federal Reserve (1913) and federal deposit insurance (1933) entirely — it was established in 1887 and later became an FDIC-insured institution. A charter that old frequently sits behind decades of mergers, so an old account may have been opened under a predecessor name. If the tradeline you are disputing shows a name you do not recognise, ask Somerset Regal Bank in writing which predecessor institution originated it; the furnisher is obliged to report the account accurately regardless of how many name changes it has been through.
How big is Somerset Regal Bank, and what does that mean for disputing an account?
Somerset Regal Bank reports $1.19 billion across 14 FDIC-reported offices — roughly $85 million per office. The FDIC's office figure counts all reported locations, including non-retail ones such as loan-production sites, so it should be read as a reported footprint rather than a branch count. For a dispute, the practical point is that an institution this size normally handles consumer files with identifiable staff rather than a fully automated queue.
How do I dispute a Somerset Regal Bank account on my credit report?
You have two free routes and you can use both yourself without paying anyone. Under FCRA §611 you may dispute with Equifax, Experian and TransUnion, and under FCRA §623 you may dispute directly with Somerset Regal Bank as the furnisher. Put it in writing, identify the account by its last four digits and open date, state specifically what is inaccurate rather than simply saying you disagree, and keep copies and proof of delivery. Whether an item changes depends entirely on what Somerset Regal Bank can verify, and results vary from case to case.
Does NJ law change anything about a Somerset Regal Bank account?
Keep two clocks separate. The FCRA reporting window is federal and does not vary by state. Your state's statute of limitations — how long anyone can successfully sue you — is separate and independent: a debt can be too old to sue over yet still report legitimately, or drop off your report while remaining collectable. Somerset Regal Bank being headquartered in Bound Brook, NJ does not make NJ law automatically yours; the limitation period usually follows where you live and what the contract says. Check your own state's rule, and note that making a payment restarts that clock in many states.
How long can a Somerset Regal Bank account stay on my credit report?
Generally up to seven years from the date of first delinquency on that Somerset Regal Bank account — the original missed payment that was never brought current — not seven years from when it was charged off, sold, or last updated. Transferring the account to another servicer does not restart it either. If Somerset Regal Bank or a later owner has moved that date forward, the re-aging is itself an FCRA inaccuracy and is worth disputing on its own, separately from whether you owe the balance.
Does Somerset Regal Bank appear in the CFPB complaint database?
We do not publish a complaint figure for Somerset Regal Bank. The CFPB database is keyed to company names that do not map cleanly onto FDIC certificate 28778, and attributing another company's complaint volume to this bank would be inaccurate. If you want to check for yourself, search the CFPB's public complaint database directly by company name. If you have an unresolved problem with this bank you can also file your own complaint there at no cost.
What is the difference between disputing with Somerset Regal Bank and disputing with a collection agency?
The distinction decides which statute you are using. Somerset Regal Bank is the original creditor and the furnisher of the tradeline, so your route is FCRA §623 — a duty to report accurately, with no 30-day validation window attached. A debt collector that later acquires the account is covered by the FDCPA instead, and FDCPA §809 gives you a validation demand within 30 days of its first contact. Read the furnisher name on your report first; a validation letter sent to Somerset Regal Bank is aimed at the wrong statute.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by Somerset Regal Bank; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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