Bank failure · MD
K Bank (Randallstown, MD) — failed November 5, 2010
K Bank of Randallstown, Maryland was closed on November 5, 2010 and resolved through a purchase and assumption. Manufacturers and Traders Trust Company (NY) took over its insured deposits. At failure it held $538.3M in assets and $500.1M in deposits. The FDIC's estimated loss on the failure is $136.3M (25.3% of assets).
- Closing date
- November 5, 2010
- FDIC certificate #
- 31263
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Manufacturers and Traders Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2010
- United Americas Bank GA
- Appalacian Community Bank, F.S.B. GA
- First Southern Bank AR
- Community National Bank MN
- The Bank of Miami FL
- Chestatee State Bank GA
- Paramount Bank MI
- Earthstar Bank PA
- First Banking Center WI
- Allegiance Bank of North America PA
- Gulf State Community Bank FL
- Copper Star Bank AZ
- Darby Bank & Trust Company GA
- Tifton Banking Company GA
- Western Commercial Bank CA
- First Vietnamese American Bank CA
- Pierce Commercial Bank WA
- The Gordon Bank GA
- Progress Bank of Florida FL
- First Bank of Jacksonville FL
- Hillcrest Bank KS
- First Arizona Savings, a FSB AZ
- First Suburban National Bank IL
- The First National Bank of Barnesville GA