BRADFORD BANK Failed 2009
What happened
BRADFORD BANK of BALTIMORE, MD was closed on 2009-08-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MANUFACTURERS AND TRADERS TRUST COMPANY (BUFFALO, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3677
- FDIC Certificate
- 28312
- FDIC FIN
- 10109
- Bank name
- BRADFORD BANK
- Location
- BALTIMORE, MD
- Failure date
- 2009-08-28
- FDIC resolution date
- 2009-08-28
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $47M
- Deposits at failure
- $382M
- Assets at failure
- $452M
- Acquiring bank
- MANUFACTURERS AND TRADERS TRUST COMPANY (BUFFALO, NY)
Other banks MANUFACTURERS AND TRADERS TRUST COMPANY acquired in FDIC resolutions
- K BANK (RANDALLSTOWN, MD) — failed 2010-11-05