Bank failure · MD

Bradford Bank (Baltimore, MD) — failed August 28, 2009

Bradford Bank of Baltimore, Maryland was closed on August 28, 2009 and resolved through a purchase and assumption. Manufacturers and Traders Trust Company (NY) took over its insured deposits. At failure it held $451.9M in assets and $382.2M in deposits. The FDIC's estimated loss on the failure is $46.9M (10.4% of assets).