Bank failure · MD

Vermont Sa (Timonium, MD) — failed February 9, 1990

Vermont Sa of Timonium, Maryland was closed on February 9, 1990 and resolved through a purchase and assumption. First Nb of Md (MD) took over its insured deposits. At failure it held $334.9M in assets and $254.3M in deposits. The FDIC's estimated loss on the failure is $41.9M (12.5% of assets).