Data / Bank failures / 1990 / First Annapolis Savings
First Annapolis Savings, Annapolis, MD: failed June 1, 1990
First Annapolis Savings in Annapolis, Maryland, failed on June 1, 1990. It held $720.1 million in assets and $618.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $176.9 million (24.6% of its assets). By assets it was the 39th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- June 1, 1990
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- None, NA
- Total assets
- $720,116,000
- Total deposits
- $618,270,000
- Estimated cost to the FDIC
- $176,937,788 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 28419
Other bank failures in Maryland, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Second National, FSB | Salisbury | December 4, 1992 | $1.57 billion | $1.16 billion | $78 million | |
| Standard FSB | Gaithersburg | October 21, 1992 | $1.72 billion | $1.54 billion | $527.6 million | |
| Universal Bank | Lanham | October 16, 1992 | $18 million | $18.1 million | $6 million | |
| Potomac FSB | Silver Spring | August 28, 1992 | $72.3 million | $68.8 million | $32 million | Maryland FS&LA |
| Irvington FSB | Glen Burnie | February 28, 1992 | $43.8 million | $43.2 million | $5.1 million | Arundel FSB |
| 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 |
All bank failures in 1990 · 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.