Bank failure · MD

Universal Bank (Lanham, MD) — failed October 16, 1992

Universal Bank of Lanham, Maryland was closed on October 16, 1992 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $18.0M in assets and $18.1M in deposits. The FDIC's estimated loss on the failure is $6.0M (33.2% of assets).