Data / Bank failures / 1938 / Commercial Bank of Maryland
Commercial Bank of Maryland, Frederick, MD: failed July 1, 1938
Commercial Bank of Maryland in Frederick, Maryland, failed on July 1, 1938. It held $1.4 million in deposits.
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The FDIC's record
- Closed
- July 1, 1938
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total deposits
- $1,410,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Maryland, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Savings Bank of Nanticoke | Nanticoke | October 4, 1940 | $190,000 | $159,000 | ||
| The Hillsboro-Queen Anne Bank, Inc. | Hillsboro | January 21, 1939 | $249,000 | |||
| The Harford Bank | Bel Air | December 31, 1938 | $893,000 | $669,000 | ||
| Takoma Park Bank | Takoma Park | July 23, 1938 | $2 million |
All bank failures in 1938 · All bank failures in Maryland · 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.