BALTIMORE FEDERAL FINANCIAL Failed 1989
What happened
BALTIMORE FEDERAL FINANCIAL of BALTIMORE, MD was closed on 1989-02-07. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to HOUSEHOLD BANK, FSB (NEWPORT BEACH, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2086
- FDIC Certificate
- 28503
- FDIC FIN
- 6963
- Bank name
- BALTIMORE FEDERAL FINANCIAL
- Location
- BALTIMORE, MD
- Failure date
- 1989-02-07
- FDIC resolution date
- 1990-04-20
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $358M
- Deposits at failure
- $1,253M
- Assets at failure
- $1,567M
- Acquiring bank
- HOUSEHOLD BANK, FSB (NEWPORT BEACH, CA)
Other banks HOUSEHOLD BANK, FSB acquired in FDIC resolutions