SUBURBAN FEDERAL SAVINGS BANK Failed 2009
What happened
SUBURBAN FEDERAL SAVINGS BANK of CROFTON, MD was closed on 2009-01-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF ESSEX (TAPPAHANNOCK, VA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3598
- FDIC Certificate
- 30763
- FDIC FIN
- 10033
- Bank name
- SUBURBAN FEDERAL SAVINGS BANK
- Location
- CROFTON, MD
- Failure date
- 2009-01-30
- FDIC resolution date
- 2009-01-30
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $74M
- Deposits at failure
- $302M
- Assets at failure
- $347M
- Acquiring bank
- BANK OF ESSEX (TAPPAHANNOCK, VA)
Other banks BANK OF ESSEX acquired in FDIC resolutions