Data / Bank failures / 1991 / Republic SB, FSB
Republic SB, FSB, Rockville, MD: failed March 22, 1991
Republic SB, FSB in Rockville, Maryland, failed on March 22, 1991. First FSB of de of Wilmington, DE, took over its deposits. It held $26.4 million in assets and $26.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $8.4 million (31.7% of its assets). By assets it was the 218th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- March 22, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First FSB of de, Wilmington, DE
- Total assets
- $26,394,000
- Total deposits
- $26,499,000
- Estimated cost to the FDIC
- $8,379,597 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 32563
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 |
| 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 |
Other failed banks First FSB of de took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Metrobank FS & La | Palisades Park | NJ | June 28, 1991 | $474.3 million | $350.1 million | $145.8 million | First FSB of de |
| Action Federal Savings | Sommers Point | NJ | November 15, 1990 | $262 million | $199 million | $81.7 million | First FSB of de |
All bank failures in 1991 · All bank failures in Maryland · Every failed bank First FSB of de took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.