Bank failure · MD

The Washington Bank (Of Maryland) (Baltimore, MD) — failed May 10, 1991

The Washington Bank (Of Maryland) of Baltimore, Maryland was closed on May 10, 1991 and resolved through a insured deposit transfer. The First National Bank of (MD) took over its insured deposits. At failure it held $39.0M in assets and $39.0M in deposits. The FDIC's estimated loss on the failure is $968K (2.5% of assets).