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Bank Failure #9 in 2014: Slavie Federal Savings Bank, Bel Air, Maryland

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From the FDIC: Bay Bank, FSB, Lutherville, Maryland, Assumes All of the Deposits of Slavie Federal Savings Bank, Bel Air, Maryland

As of March 31, 2014, Slavie Federal Savings Bank had approximately 0.1 million in total assets and 1.1 million in total deposits. … The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be .6 million. … Slavie Federal Savings Bank is the ninth FDIC-insured institution to fail in the nation this year, and the first in Maryland.

Bank failures three weeks in a row …
Calculated Risk

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