Data / Bank failures / Maryland
Bank failures in Maryland: 32 banks since 1938
32 banks in Maryland failed between 1938 and 2014, holding $10.27 billion in assets and $8.57 billion in deposits. The FDIC estimates the cost to its insurance fund at $1.94 billion. The FDIC also assisted 4 open banks without closing them. The largest: Standard FSB ($1.72 billion), Second National, FSB ($1.57 billion), Baltimore Federal Financial ($1.57 billion). By decade: 1930s 4, 1940s 1, 1980s 8, 1990s 13, 2000s 2, 2010s 8.
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| 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 |
| 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 | |
| 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 | |
| Bradford Bank | Baltimore | August 28, 2009 | $451.9 million | $382.2 million | $46.9 million | Manufacturers and Traders Trust Company |
| Suburban Federal Savings Bank | Crofton | January 30, 2009 | $347.4 million | $301.8 million | $73.8 million | Bank of Essex |
| 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 | |
| Republic SB, FSB | Rockville | March 22, 1991 | $26.4 million | $26.5 million | $8.4 million | First FSB of de |
| Royal Oak FS & La | Randallstown | January 4, 1991 | $27.3 million | $29.2 million | $2,073 | Royal Oak SB, FSB |
| First Annapolis Savings | Annapolis | June 1, 1990 | $720.1 million | $618.3 million | $176.9 million | |
| Liberty Savings Bank FSB | Randallstown | February 9, 1990 | $49.5 million | $42 million | $15.3 million | Royal Oak SB, Fsa |
| Vermont Sa | Timonium | February 9, 1990 | $334.9 million | $254.3 million | $41.9 million | First NB of MD |
| Yorkridge-Calvert Federal Savings | Baltimore | December 14, 1989 | $585.8 million | $372.2 million | $40.1 million | Household Bank, FSB |
| Gibraltar S & L Assoc. | Annapolis | March 2, 1989 | $71.8 million | $71.3 million | $7.5 million | Annapolis NB |
| Baltimore Federal Financial | Baltimore | February 7, 1989 | $1.57 billion | $1.25 billion | $357.9 million | Household Bank, FSB |
| First FS&LA | Hagerstown | March 20, 1987 | $95.7 million | $124.7 million | $77.9 million | |
| Fidelity FS&LA (assistance) | Baltimore | August 28, 1984 | $137.8 million | $79.2 million | $23.7 million | Household Bank FSB |
| Guardian FS&LA (assistance) | Silver Spring | August 2, 1982 | $184.4 million | $108.9 million | $10 million | Perpetual American FS&LA |
| United FS&LA (assistance) | Baltimore | May 31, 1982 | $172.4 million | $132.2 million | Baltimore FS&LA | |
| County FS&LA (assistance) | Rockville | August 9, 1981 | $144.1 million | $95.1 million | $25.8 million | Metropolitan FS&LA |
| Savings Bank of Nanticoke | Nanticoke | October 4, 1940 | $190,000 | $159,000 | ||
| The Hillsboro-Queen Anne Bank, Inc. | Hillsboro | January 21, 1939 | $249,000 | |||
| The Harford Bank | Bel Air | December 31, 1938 | $893,000 | $669,000 | ||
| Takoma Park Bank | Takoma Park | July 23, 1938 | $2 million | |||
| Commercial Bank of Maryland | Frederick | July 1, 1938 | $1.4 million |
Other states
- Alabama 39
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Iowa 83
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Mississippi 38
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Jersey 112
- New Mexico 32
- New York 104
- North Carolina 30
- North Dakota 43
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- South Dakota 44
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Virginia 54
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
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.