Bank failure · MD
Baltimore Federal Financial (Baltimore, MD) — failed February 7, 1989
Baltimore Federal Financial of Baltimore, Maryland was closed on February 7, 1989 and resolved through a insured deposit transfer. Household Bank, FSB (CA) took over its insured deposits. At failure it held $1.6B in assets and $1.3B in deposits. The FDIC's estimated loss on the failure is $357.9M (22.8% of assets).
- Closing date
- February 7, 1989
- FDIC certificate #
- 28503
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Household Bank, FSB
- Insurance fund
- RTC
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