HARVEST BANK OF MARYLAND Failed 2012
What happened
HARVEST BANK OF MARYLAND of GAITHERSBURG, MD was closed on 2012-04-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SONABANK (MCLEAN, MD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4004
- FDIC Certificate
- 57766
- FDIC FIN
- 10435
- Bank name
- HARVEST BANK OF MARYLAND
- Location
- GAITHERSBURG, MD
- Failure date
- 2012-04-27
- FDIC resolution date
- 2012-04-27
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $27M
- Deposits at failure
- $146M
- Assets at failure
- $163M
- Acquiring bank
- SONABANK (MCLEAN, MD)
Other banks SONABANK acquired in FDIC resolutions