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Bay Bancorp, Inc. Message Board

  • citnitout citnitout Jun 3, 2014 12:42 PM Flag

    Slavie Bank...

    This is the kind of stuff we are looking for...
    Slavie Federal Savings Bank, Bel Air, Maryland, became the ninth banking failure of 2014 as the Office of the Comptroller of the Currency closed the insolvent bank.

    The FDIC, appointed as receiver, sold the failed bank to Bay Bank, FSB, Lutherville, Maryland, which will assume all deposits of failed Slavie Federal.
    The severe banking crisis that started in 2008 is still wreaking financial havoc on many small banks that were never able to recover from the legacy of defaults and poor lending decisions. Six years after the financial crisis began there are still 411 FDIC insured institutions on the Problem Bank List, most of them small banks with an average of $306 million in assets.

    Too bad our crack communications team didn't even bother to put out a news release.

4.57+0.04(+0.88%)Nov 26 11:37 AMEST

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