Bank failure · DC

Theodore Roosevelt National Bank (Washington, DC) — failed March 26, 1992

Theodore Roosevelt National Bank of Washington, District of Columbia was closed on March 26, 1992 and resolved through a purchase and assumption. Industrial Bank of Wa (DC) took over its insured deposits. At failure it held $13.8M in assets and $13.6M in deposits. The FDIC's estimated loss on the failure is $3.4M (24.5% of assets).