REPUBLIC SB, FSB Failed 1991
What happened
REPUBLIC SB, FSB of ROCKVILLE, MD was closed on 1991-03-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FSB OF DE (WILMINGTON, DE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3053
- FDIC Certificate
- 32563
- FDIC FIN
- 2165
- Bank name
- REPUBLIC SB, FSB
- Location
- ROCKVILLE, MD
- Failure date
- 1991-03-22
- FDIC resolution date
- 1992-02-28
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $26M
- Assets at failure
- $26M
- Acquiring bank
- FIRST FSB OF DE (WILMINGTON, DE)
Other banks FIRST FSB OF DE acquired in FDIC resolutions