Bank Failure
Slavie Federal Savings Bank
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Closed May 30, 2014 · Bel Air, MD · FDIC Cert #32368.
- Closing date
- May 30, 2014
- Headquarters
- Bel Air, MD
- FDIC Certificate
- 32368
- Total assets at closing
- $140.1M
- Total deposits at closing
- $111.1M
- Estimated loss to the insurance fund
- $11.0M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bay Bank, FSB
Context
On May 30, 2014, regulators closed Slavie Federal Savings Bank, headquartered in Bel Air, MD. At closing, the institution held approximately $140.1M in assets and $111.1M in deposits. The FDIC record names Bay Bank, FSB as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $11.0M.
By assets at closing this is the 988th largest of the 3,526 bank failures in the FDIC record, and the 7th of 18 in 2014. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Slavie Federal Savings Bank fail?
Slavie Federal Savings Bank was closed by regulators on May 30, 2014.
Who acquired Slavie Federal Savings Bank?
The FDIC record names Bay Bank, FSB as the acquiring institution in the resolution of Slavie Federal Savings Bank.
How big was Slavie Federal Savings Bank when it failed?
Slavie Federal Savings Bank had approximately $140.1M in total assets and $111.1M in deposits at the time of failure.
Other failures in 2014
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 2014 | Northern Star Bank | $18.8M |
| Nov 7, 2014 | Frontier Bank, FSB | $80.7M |
| Oct 24, 2014 | The National Republic Bank of Chicago | $843.1M |
| Oct 17, 2014 | NBRS Financial Bank | $155.4M |
| Jul 25, 2014 | Greenchoice Bank, FSB | $70.3M |
| Jul 18, 2014 | Eastside Commercial Bank | $173.9M |
| Jun 27, 2014 | The Freedom State Bank | $22.8M |
| Jun 20, 2014 | Valley Bank | $456.4M |
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