bank failure: FDIC Shuts Crofton Maryland Bank - 1st Bank Failure in Maryland in 16 Years!
- 01/30/09 04:27 PM
From press releases obtained Friday evening from the FDIC - the FDIC has shut several more banks across the country. The announcement took place at 6:13 p.m., and within minutes Suburban Federals website was taken down. This Bank closure hits home. After a long history of community lending 53 years - losses kept piling up from an aggressive lending program that started in 2005. Along with several other banks across the country, the Federal Deposit Insurance Corp FDIC shut Suburban Federal Savings Bank of Crofton, Maryland, Friday. This is the first bank failure in Maryland in over 16 years. The bank … (2 comments)
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Ellen Crawford
Alpharetta Real Estate Agents & Alpharetta REALTOR
From press releases obtained Friday evening from the FDIC - the FDIC has shut several more banks across the country. The announcement took place at 6:13 p.m., and within minutes Suburban Federals website was taken down. This Bank closure hits home. After a long history of community lending 53 years - losses kept piling up from an aggressive lending program that started in 2005. Along with several other banks across the country, the Federal Deposit Insurance Corp FDIC shut Suburban Federal Savings Bank of Crofton, Maryland, Friday. This is the first bank failure in Maryland in over 16 years. The bank … (2 comments)
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