Data / Bank failures / 1992 / Universal Bank
Universal Bank, Lanham, MD: failed October 16, 1992
Universal Bank in Lanham, Maryland, failed on October 16, 1992. It held $18 million in assets and $18.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $6 million (33.2% of its assets). By assets it was the 163rd largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- October 16, 1992
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $18,026,000
- Total deposits
- $18,050,000
- Estimated cost to the FDIC
- $5,977,984 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 22689
Other bank failures in Maryland, 1990 to 1994
| 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 | |
| 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 |
All bank failures in 1992 · 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.