Bank failure · MD

Second National, FSB (Salisbury, MD) — failed December 4, 1992

Second National, FSB of Salisbury, Maryland was closed on December 4, 1992 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $1.6B in assets and $1.2B in deposits. The FDIC's estimated loss on the failure is $78.0M (5.0% of assets).