The Graveyard › Banks › 2012
HarVest Bank of Maryland
Gaithersburg, MD · failed April 27, 2012 · FDIC certificate 57766
HarVest Bank of Maryland of Gaithersburg, MD failed on April 27, 2012. It opened on November 15, 2004, 7 years before. At its last report before that it held $163.0 million in assets and $145.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2009, it held $227.7 million. The FDIC estimates that the Deposit Insurance Fund lost $26.7 million on it.
2004-122012-03
Assets at the end$163.0 millionlast report before April 27, 2012
Deposits at the end$145.5 million
Estimated loss to the fund$26.7 millionDIF
Largest in the quarterly reports$227.7 millionDecember 31, 2009
Equity to assets0.8%March 31, 2012
Loans not being repaid21.3%noncurrent, March 31, 2012
Return on assets-3.60%a year's rate, March 31, 2012
Staff20full time, March 31, 2012
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.