Data / Bank failures / 1991 / John Hanson FSB
John Hanson FSB, Beltsville, MD: failed April 26, 1991
John Hanson FSB in Beltsville, Maryland, failed on April 26, 1991. It held $840.7 million in assets and $658.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $147.7 million (17.6% of its assets). By assets it was the 40th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- April 26, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $840,701,000
- Total deposits
- $658,563,000
- Estimated cost to the FDIC
- $147,715,692 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 32380
Other bank failures in Maryland, 1989 to 1993
| 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 |
| 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 1991 · 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.