Data / Bank failures / 2012 / Harvest Bank of Maryland
Harvest Bank of Maryland, Gaithersburg, MD: failed April 27, 2012
Harvest Bank of Maryland in Gaithersburg, Maryland, failed on April 27, 2012. Sonabank of McLean, MD, took over its deposits. It held $163 million in assets and $145.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $26.7 million (16.4% of its assets). By assets it was the 25th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- April 27, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Sonabank, McLean, MD
- Total assets
- $163,019,000
- Total deposits
- $145,534,000
- Estimated cost to the FDIC
- $26,694,483 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57766
Other bank failures in Maryland, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| NBRS Financial Bank | Rising Sun | October 17, 2014 | $155.4 million | $151.6 million | $19.8 million | Howard Bank |
| Slavie Federal Savings Bank | Bel Air | May 30, 2014 | $140.1 million | $111.1 million | $11 million | Bay Bank, FSB |
| Bank of the Eastern Shore | Cambridge | April 27, 2012 | $162.5 million | $151 million | $57.9 million | |
| K Bank | Randallstown | November 5, 2010 | $538.3 million | $500.1 million | $136.3 million | Manufacturers and Traders Trust Company |
| Bay National Bank | Baltimore | July 9, 2010 | $217.7 million | $212.6 million | $21.1 million | Bay Bank, FSB |
| Ideal Federal Savings Bank | Baltimore | July 9, 2010 | $6.2 million | $5.8 million | $3.7 million | |
| Waterfield Bank | Germantown | March 5, 2010 | $155.6 million | $156.2 million | $11.3 million |
Other failed banks Sonabank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Greater Atlantic Bank | Reston | VA | December 4, 2009 | $203.3 million | $179.2 million | $26.6 million | Sonabank |
All bank failures in 2012 · All bank failures in Maryland · Every failed bank Sonabank 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.