POTOMAC FSB Failed 1992
What happened
POTOMAC FSB of SILVER SPRING, MD was closed on 1992-08-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MARYLAND FS&LA (HYATTSVILLE, MD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3371
- FDIC Certificate
- 32388
- FDIC FIN
- 1245
- Bank name
- POTOMAC FSB
- Location
- SILVER SPRING, MD
- Failure date
- 1992-08-28
- FDIC resolution date
- 1994-02-25
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $32M
- Deposits at failure
- $69M
- Assets at failure
- $72M
- Acquiring bank
- MARYLAND FS&LA (HYATTSVILLE, MD)