# VERMONT SA

> **Failed bank** · TIMONIUM, MD · failed 1990-02-09 · SL · FDIC cost $42M

## What happened

VERMONT SA of TIMONIUM, MD was closed by state regulators on **1990-02-09**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST NB OF MD** (BALTIMORE, MD). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2650
- **FDIC Certificate:** 29840
- **FDIC FIN:** 7338
- **Bank name:** VERMONT SA
- **Location:** TIMONIUM, MD
- **Failure date:** 1990-02-09
- **FDIC resolution date:** 1991-06-28
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $42M
- **Deposits at failure:** $254M
- **Assets at failure:** $335M
- **Acquiring bank:** FIRST NB OF MD (BALTIMORE, MD)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=VERMONT%20SA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, VERMONT SA (FDIC ID 2650), failed 1990-02-09. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/2650.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*