LIBERTY SAVINGS BANK FSB Failed 1990

What happened

LIBERTY SAVINGS BANK FSB of RANDALLSTOWN, MD was closed on 1990-02-09. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to ROYAL OAK SB, FSA (RANDALLSTOWN, MD). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2652

FDIC Certificate

32515

FDIC FIN

7264

Bank name

LIBERTY SAVINGS BANK FSB

Location

RANDALLSTOWN, MD

Failure date

1990-02-09

FDIC resolution date

1991-01-04

Charter type

Savings bank

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$15M

Deposits at failure

$42M

Assets at failure

$49M

Acquiring bank

ROYAL OAK SB, FSA (RANDALLSTOWN, MD)