Data / Bank failures / 1992 / Irvington FSB
Irvington FSB, Glen Burnie, MD: failed February 28, 1992
Irvington FSB in Glen Burnie, Maryland, failed on February 28, 1992. Arundel FSB of Baltimore, MD, took over its deposits. It held $43.8 million in assets and $43.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.1 million (11.7% of its assets). By assets it was the 125th largest of 181 banks closed or assisted in 1992.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- February 28, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Arundel FSB, Baltimore, MD
- Total assets
- $43,817,000
- Total deposits
- $43,203,000
- Estimated cost to the FDIC
- $5,142,938 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 28588
Other bank failures in Maryland, 1990 to 1994
| 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 |
| 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 |
All bank failures in 1992 · 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.