Bank failure · MD

Augusta Fsa (Baltimore, MD) — failed April 26, 1991

Augusta Fsa of Baltimore, Maryland was closed on April 26, 1991 and resolved through a purchase and assumption (insured deposits). Branch Sale (NA) took over its insured deposits. At failure it held $151.3M in assets and $132.6M in deposits. The FDIC's estimated loss on the failure is $5.6M (3.7% of assets).