Bank failure · MD

Suburban Federal Savings Bank (Crofton, MD) — failed January 30, 2009

Suburban Federal Savings Bank of Crofton, Maryland was closed on January 30, 2009 and resolved through a purchase and assumption. Bank of Essex (VA) took over its insured deposits. At failure it held $347.4M in assets and $301.8M in deposits. The FDIC's estimated loss on the failure is $73.8M (21.2% of assets).