The Graveyard › Banks › 1991
The Washington Bank (of Maryland)
Baltimore, MD · failed May 10, 1991 · FDIC certificate 27418
The Washington Bank (of Maryland) of Baltimore, MD failed on May 10, 1991. It opened on January 3, 1989, 2 years before. At its last report before that it held $39.0 million in assets and $39.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1990, it held $69.6 million. The FDIC estimates that the Bank Insurance Fund lost $968,346 on it.
1989-031991-03
Assets at the end$39.0 millionlast report before May 10, 1991
Deposits at the end$39.0 million
Estimated loss to the fund$968,346BIF
Largest in the quarterly reports$69.6 millionMarch 31, 1990
Equity to assets-2.9%March 31, 1991
Loans not being repaid27.2%noncurrent, March 31, 1991
Return on assets-24.26%a year's rate, March 31, 1991
Staff10full time, March 31, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 billion 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.