# SUBURBAN FEDERAL SAVINGS BANK

> **Failed bank** · CROFTON, MD · failed 2009-01-30 · Savings bank · FDIC cost $74M

## What happened

SUBURBAN FEDERAL SAVINGS BANK of CROFTON, MD was closed by state regulators 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
- **Estimated FDIC DIF cost:** $74M
- **Deposits at failure:** $302M
- **Assets at failure:** $347M
- **Acquiring bank:** BANK OF ESSEX (TAPPAHANNOCK, VA)

## Other banks BANK OF ESSEX has acquired in FDIC resolutions

- THE COMMUNITY BANK (LOGANVILLE, GA) — failed 2008-11-21 — /failed-bank/3575

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SUBURBAN%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUBURBAN FEDERAL SAVINGS BANK (FDIC ID 3598), failed 2009-01-30. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3598.

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