ROYAL OAK FS & LA Failed 1991
What happened
ROYAL OAK FS & LA of RANDALLSTOWN, MD was closed on 1991-01-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ROYAL OAK SB, FSB (RANDALLSTOWN, MD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2981
- FDIC Certificate
- 28634
- FDIC FIN
- 7266
- Bank name
- ROYAL OAK FS & LA
- Location
- RANDALLSTOWN, MD
- Failure date
- 1991-01-04
- FDIC resolution date
- 1991-01-04
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $29M
- Assets at failure
- $27M
- Acquiring bank
- ROYAL OAK SB, FSB (RANDALLSTOWN, MD)