Bank failure · MD

Standard FSB (Gaithersburg, MD) — failed October 21, 1992

Standard FSB of Gaithersburg, Maryland was closed on October 21, 1992 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $1.7B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $527.6M (30.7% of assets).