Bank failure · MD

First Annapolis Savings (Annapolis, MD) — failed June 1, 1990

First Annapolis Savings of Annapolis, Maryland was closed on June 1, 1990 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $720.1M in assets and $618.3M in deposits. The FDIC's estimated loss on the failure is $176.9M (24.6% of assets).