Failed Bank List

32 failures since 1934 · $1.9 billion estimated loss

Bank failures in Maryland

Maryland has 32 bank failures on FDIC record since 1934, 0.9% of the national total and the 32nd-highest count of any state or territory. The worst year was 1991, with 5. Since 2000 there have been 10; the most recent was NBRS Financial on October 17, 2014. The largest by assets was Standard Federal Savings Bank of Gaithersburg, with $1.7 billion, in 1992.

Bank failures in Maryland per year023461938: 31939: 11940: 11987: 11989: 31990: 31991: 51992: 52009: 22010: 42012: 22014: 2194019501960197019801990200020102020
Failures per year in Maryland. By decade: 1930s 4, 1940s 1, 1980s 4, 1990s 13, 2000s 2, 2010s 8. Most failures by city: Baltimore (7), Randallstown (3), Bel Air (2).
10 failures since 2000, newest first
ClosedBankLocationTotal assetsEst. loss
October 17, 2014NBRS FinancialRising Sun, MD$155 million$19.8 million
May 30, 2014Slavie Federal Savings BankBel Air, MD$140 million$11.0 million
April 27, 2012Bank of the Eastern ShoreCambridge, MD$162 million$57.9 million
April 27, 2012HarVest Bank of MarylandGaithersburg, MD$163 million$26.7 million
November 5, 2010K BankRandallstown, MD$538 million$136 million
July 9, 2010Ideal Federal Savings BankBaltimore, MD$6.2 million$3.7 million
July 9, 2010Bay National BankBaltimore, MD$218 million$21.1 million
March 5, 2010Waterfield BankGermantown, MD$156 million$11.3 million
August 28, 2009Bradford BankBaltimore, MD$452 million$46.9 million
January 30, 2009Suburban Federal Savings BankCrofton, MD$347 million$73.8 million
22 failures from 1934 to 1999, newest first
ClosedBankLocationTotal assetsEst. loss
December 4, 1992Second National Federal Savings BankSalisbury, MD$1.6 billion$78.0 million
October 21, 1992Standard Federal Savings BankGaithersburg, MD$1.7 billion$528 million
October 16, 1992Universal BankLanham, MD$18.0 million$6.0 million
August 28, 1992Potomac Savings Bank FSBSilver Spring, MD$72.3 million$32.0 million
February 28, 1992Irvington Federal Savings and Loan AssociationGlen Burnie, MD$43.8 million$5.1 million
May 10, 1991The Washington Bank (of Maryland)Baltimore, MD$39.0 million$968 thousand
April 26, 1991Augusta Federal Savings BankBaltimore, MD$151 million$5.6 million
April 26, 1991John Hanson Savings Bank, FSBBeltsville, MD$841 million$148 million
March 22, 1991Republic Federal Savings BankRockville, MD$26.4 million$8.4 million
January 4, 1991Royal Oak Federal Savings and Loan AssociationRandallstown, MD$27.3 million$2 thousand
June 1, 1990First Annapolis Savings Bank, FSBAnnapolis, MD$720 million$177 million
February 9, 1990Liberty Federal Savings BankRandallstown, MD$49.5 million$15.3 million
February 9, 1990Vermont Federal Savings and Loan AssociationTimonium, MD$335 million$41.9 million
December 14, 1989Yorkridge-Calvert Savings and Loan AssociationBaltimore, MD$586 million$40.1 million
March 2, 1989Gibraltar Federal Savings Bank, FSBAnnapolis, MD$71.8 million$7.5 million
February 7, 1989Baltimore Federal Financial, FSABaltimore, MD$1.6 billion$358 million
March 20, 1987First Federal of Maryland, FSAHagerstown, MD$95.7 million$77.9 million
October 4, 1940Savings Bank of NanticokeNanticoke, MD$190 thousandnot estimated
January 21, 1939The Hillsboro-Queen Anne Bank, Inc.Hillsboro, MDnot reportednot estimated
December 31, 1938The Harford BankBel Air, MD$893 thousandnot estimated
July 23, 1938Takoma Park BankTakoma Park, MDnot reportednot estimated
July 1, 1938Commercial Bank of MarylandFrederick, MDnot reportednot estimated

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