Bank Failure
SECOND NATIONAL, FSB
Closed December 4, 1992 · SALISBURY, MD · FDIC Cert #32339.
- Closing date
- December 4, 1992
- Headquarters
- SALISBURY, MD
- FDIC Certificate
- 32339
- Total assets at closing
- $1,572,770,000
- Total deposits at closing
- $1,159,197,000
- Estimated loss to DIF
- $78,024,000
- Resolution type
- other
- Acquirer
- BRANCH SALE (FDIC Cert #1302)
Context
On December 4, 1992, regulators closed SECOND NATIONAL, FSB, headquartered in SALISBURY, MD. At closing, the institution held approximately $1,572,770,000 in assets and $1,159,197,000 in deposits. The FDIC arranged a resolution under which BRANCH SALE acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $78,024,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1992
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1992-12-18 | THE RUSHVILLE NATIONAL BANK | RUSHVILLE, IN | $41,631,000 |
| 1992-12-18 | THE BREMEN STATE BANK | BREMEN, KS | $2,679,000 |
| 1992-12-11 | MERITOR SAVINGS BANK | PHILADELPHIA, PA | $4,126,701,000 |
| 1992-12-11 | EASTLAND SAVINGS BANK | WOONSOCKET, RI | $515,301,000 |
| 1992-12-11 | EASTLAND BANK | WOONSOCKET, RI | $85,405,000 |
| 1992-12-11 | SAILORS & MERCHANTS B&T CO. | VIENNA, VA | $34,775,000 |
| 1992-12-10 | CITIZENS STATE BANK | PRINCETON, TX | $12,943,000 |
| 1992-12-08 | PALM BEACH FSA | PALM BEACH GARDEN, FL | $59,403,000 |
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