Data / Bank failures / 2014 / Slavie Federal Savings Bank
Slavie Federal Savings Bank, Bel Air, MD: failed May 30, 2014
Slavie Federal Savings Bank in Bel Air, Maryland, failed on May 30, 2014. Bay Bank, FSB of Lutherville, MD, took over its deposits. It held $140.1 million in assets and $111.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11 million (7.8% of its assets). By assets it was the 7th largest of 18 banks closed or assisted in 2014.
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The FDIC's record
- Closed
- May 30, 2014
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bay Bank, FSB, Lutherville, MD
- Total assets
- $140,063,000
- Total deposits
- $111,142,000
- Estimated cost to the FDIC
- $10,954,152 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 32368
Other bank failures in Maryland, 2012 to 2016
| 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 |
| Harvest Bank of Maryland | Gaithersburg | April 27, 2012 | $163 million | $145.5 million | $26.7 million | Sonabank |
| Bank of the Eastern Shore | Cambridge | April 27, 2012 | $162.5 million | $151 million | $57.9 million |
Other failed banks Bay Bank, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Bay National Bank | Baltimore | MD | July 9, 2010 | $217.7 million | $212.6 million | $21.1 million | Bay Bank, FSB |
All bank failures in 2014 · All bank failures in Maryland · Every failed bank Bay Bank, FSB 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.