Bank failure · MD

Bay National Bank (Baltimore, MD) — failed July 9, 2010

Bay National Bank of Baltimore, Maryland was closed on July 9, 2010 and resolved through a purchase and assumption. Bay Bank, FSB (MD) took over its insured deposits. At failure it held $217.7M in assets and $212.6M in deposits. The FDIC's estimated loss on the failure is $21.1M (9.7% of assets).