Failures by State

Bank Failures in District of Columbia

5 FDIC-insured banks headquartered in District of Columbia have failed since 1990. The most recent was City National Bank of Washington on June 25, 1993. The worst year was 1992, with 2 failures. Failed banks held $2.19B in assets at closing.

Failures

1990 to 1993

$2.19B

Failed assets

At closing

$308.7M

Estimated DIF loss

FDIC estimate

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All District of Columbia events

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Largest bank failures in District of Columbia

Date	Bank	City	Assets	Acquirer or resolution
Aug 10, 1990	The National Bank of Washington	Washington	$1.65B	The Riggs National Bank of
May 10, 1991	Madison National Bank	Washington	$473.8M	Signet Bank, National Assoc
May 1, 1992	Metropolitan Bank, N.A.	Washington	$27.1M	Adams National Bank
Jun 25, 1993	City National Bank of Washington	Washington	$24.0M	Crestar Bank National As
Mar 26, 1992	Theodore Roosevelt National Bank	Washington	$13.8M	Industrial Bank of WA

District of Columbia bank failures by year

Year	Failures	Failed assets
1993	1	$24.0M
1992	2	$40.9M
1991	1	$473.8M
1990	1	$1.65B

Every bank failure in District of Columbia

Date	Bank	City	Assets	Acquirer or resolution
Jun 25, 1993	City National Bank of Washington	Washington	$24.0M	Crestar Bank National As
May 1, 1992	Metropolitan Bank, N.A.	Washington	$27.1M	Adams National Bank
Mar 26, 1992	Theodore Roosevelt National Bank	Washington	$13.8M	Industrial Bank of WA
May 10, 1991	Madison National Bank	Washington	$473.8M	Signet Bank, National Assoc
Aug 10, 1990	The National Bank of Washington	Washington	$1.65B	The Riggs National Bank of

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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