Data / Bank failures / 1989 / Baltimore Federal Financial
Baltimore Federal Financial, Baltimore, MD: failed February 7, 1989
Baltimore Federal Financial in Baltimore, Maryland, failed on February 7, 1989. Household Bank, FSB of Newport Beach, CA, took over its deposits. It held $1.57 billion in assets and $1.25 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $357.9 million (22.8% of its assets). By assets it was the 23rd largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- February 7, 1989
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Household Bank, FSB, Newport Beach, CA
- Total assets
- $1,566,752,000
- Total deposits
- $1,252,969,000
- Estimated cost to the FDIC
- $357,884,753 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28503
Other bank failures in Maryland, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Washington Bank (of Maryland) | Baltimore | May 10, 1991 | $39 million | $39 million | $968,346 | The First National Bank of |
| John Hanson FSB | Beltsville | April 26, 1991 | $840.7 million | $658.6 million | $147.7 million | |
| Augusta Fsa | Baltimore | April 26, 1991 | $151.3 million | $132.6 million | $5.6 million | |
| Republic SB, FSB | Rockville | March 22, 1991 | $26.4 million | $26.5 million | $8.4 million | First FSB of de |
| Royal Oak FS & La | Randallstown | January 4, 1991 | $27.3 million | $29.2 million | $2,073 | Royal Oak SB, FSB |
| First Annapolis Savings | Annapolis | June 1, 1990 | $720.1 million | $618.3 million | $176.9 million | |
| Liberty Savings Bank FSB | Randallstown | February 9, 1990 | $49.5 million | $42 million | $15.3 million | Royal Oak SB, Fsa |
| Vermont Sa | Timonium | February 9, 1990 | $334.9 million | $254.3 million | $41.9 million | First NB of MD |
Other failed banks Household Bank, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| San Clemente FSB | San Clemente | CA | June 12, 1992 | $220.4 million | $205.7 million | $32.8 million | Household Bank, FSB |
| Yorkridge-Calvert Federal Savings | Baltimore | MD | December 14, 1989 | $585.8 million | $372.2 million | $40.1 million | Household Bank, FSB |
All bank failures in 1989 · All bank failures in Maryland · Every failed bank Household Bank, FSB took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.