Bank failure · MD

Guardian Fs&la (Silver Spring, MD) — failed August 2, 1982

Guardian Fs&la of Silver Spring, Maryland was closed on August 2, 1982 and resolved through a a/a. Perpetual American Fs&la (VA) took over its insured deposits. At failure it held $184.4M in assets and $108.9M in deposits. The FDIC's estimated loss on the failure is $10.0M (5.4% of assets).