Bank failure · MD
Slavie Federal Savings Bank (Bel Air, MD) — failed May 30, 2014
Slavie Federal Savings Bank of Bel Air, Maryland was closed on May 30, 2014 and resolved through a purchase and assumption. Bay Bank, FSB (MD) took over its insured deposits. At failure it held $140.1M in assets and $111.1M in deposits. The FDIC's estimated loss on the failure is $11.0M (7.8% of assets).
- Closing date
- May 30, 2014
- FDIC certificate #
- 32368
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bay Bank, FSB
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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