SLAVIE FEDERAL SAVINGS BANK Failed 2014
What happened
SLAVIE FEDERAL SAVINGS BANK of BEL AIR, MD was closed on 2014-05-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BAY BANK, FSB (LUTHERVILLE, MD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4066
- FDIC Certificate
- 32368
- FDIC FIN
- 10500
- Bank name
- SLAVIE FEDERAL SAVINGS BANK
- Location
- BEL AIR, MD
- Failure date
- 2014-05-30
- FDIC resolution date
- 2014-05-30
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $111M
- Assets at failure
- $140M
- Acquiring bank
- BAY BANK, FSB (LUTHERVILLE, MD)
Other banks BAY BANK, FSB acquired in FDIC resolutions