Bank Failure
Bank of the Eastern Shore
BankRegReports is independent of Bank of the Eastern Shore and never asks for online banking logins or passwords.
Closed April 27, 2012 · Cambridge, MD · FDIC Cert #26759.
- Closing date
- April 27, 2012
- Headquarters
- Cambridge, MD
- FDIC Certificate
- 26759
- Total assets at closing
- $162.5M
- Total deposits at closing
- $151.0M
- Estimated loss to the insurance fund
- $57.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
Context
On April 27, 2012, regulators closed Bank of the Eastern Shore, headquartered in Cambridge, MD. At closing, the institution held approximately $162.5M in assets and $151.0M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $57.9M.
By assets at closing this is the 890th largest of the 3,526 bank failures in the FDIC record, and the 26th of 51 in 2012. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bank of the Eastern Shore fail?
Bank of the Eastern Shore was closed by regulators on April 27, 2012.
How big was Bank of the Eastern Shore when it failed?
Bank of the Eastern Shore had approximately $162.5M in total assets and $151.0M in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2012 | Community Bank of the Ozarks | $42.8M |
| Nov 16, 2012 | Hometown Communitybank | $124.6M |
| Nov 2, 2012 | Citizens First National Bank | $924.0M |
| Nov 2, 2012 | Heritage Bank of Florida | $225.5M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Oct 19, 2012 | Excel Bank | $186.1M |
| Oct 19, 2012 | Gulfsouth Private Bank | $139.4M |
| Oct 19, 2012 | First East Side Savings Bank | $65.7M |
Explore: all failures · MD bank events · 2012 events · events hub