Data / Bank failures / 1938 / The Harford Bank
The Harford Bank, Bel Air, MD: failed December 31, 1938
The Harford Bank in Bel Air, Maryland, failed on December 31, 1938. It held $893,000 in assets and $669,000 in deposits at its last report. By assets it was the 3rd largest of 74 banks closed or assisted in 1938.
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The FDIC's record
- Closed
- December 31, 1938
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $893,000
- Total deposits
- $669,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
Other bank failures in Maryland, 1936 to 1940
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Savings Bank of Nanticoke | Nanticoke | October 4, 1940 | $190,000 | $159,000 | ||
| The Hillsboro-Queen Anne Bank, Inc. | Hillsboro | January 21, 1939 | $249,000 | |||
| Takoma Park Bank | Takoma Park | July 23, 1938 | $2 million | |||
| Commercial Bank of Maryland | Frederick | July 1, 1938 | $1.4 million |
All bank failures in 1938 · 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.