Bank failure · MD

Harvest Bank of Maryland (Gaithersburg, MD) — failed April 27, 2012

Harvest Bank of Maryland of Gaithersburg, Maryland was closed on April 27, 2012 and resolved through a purchase and assumption. Sonabank (MD) took over its insured deposits. At failure it held $163.0M in assets and $145.5M in deposits. The FDIC's estimated loss on the failure is $26.7M (16.4% of assets).