Bank Failure
Bradford Bank
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Closed August 28, 2009 · Baltimore, MD · FDIC Cert #28312.
- Closing date
- August 28, 2009
- Headquarters
- Baltimore, MD
- FDIC Certificate
- 28312
- Total assets at closing
- $451.9M
- Total deposits at closing
- $382.2M
- Estimated loss to the insurance fund
- $46.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Manufacturers and Traders Trust Company
Context
On August 28, 2009, regulators closed Bradford Bank, headquartered in Baltimore, MD. At closing, the institution held approximately $451.9M in assets and $382.2M in deposits. The FDIC record names Manufacturers and Traders Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $46.9M.
By assets at closing this is the 402nd largest of the 3,526 bank failures in the FDIC record, and the 51st of 140 in 2009. 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 Bradford Bank fail?
Bradford Bank was closed by regulators on August 28, 2009.
Who acquired Bradford Bank?
The FDIC record names Manufacturers and Traders Trust Company as the acquiring institution in the resolution of Bradford Bank.
How big was Bradford Bank when it failed?
Bradford Bank had approximately $451.9M in total assets and $382.2M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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