Bank failure · MD

Republic Sb, FSB (Rockville, MD) — failed March 22, 1991

Republic Sb, FSB of Rockville, Maryland was closed on March 22, 1991 and resolved through a purchase and assumption. First FSB of De (DE) took over its insured deposits. At failure it held $26.4M in assets and $26.5M in deposits. The FDIC's estimated loss on the failure is $8.4M (31.7% of assets).