Suburban Federal Savings Bank

Status:Inactive as of 01/30/2009
 Absorption - Assisted
Successor Bank:Essex Bank
Headquarters:Suburban Federal Savings Bank
2120 Baldwin Avenue
Crofton, MD 21114
Established:01/01/1954
FDIC Insurance:08/09/1989
FDIC Cert:#30763
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$347,408,000
Total Deposits:$301,847,000

History

1954-01-01Institution established: Original name:Suburban Federal Savings and Loan Association of Lanham
1988-02-29Changed name to Suburban Federal Savings Bank
1988-02-29Changed organization type to MUTUAL SAVINGS BANK
2002-02-11Moved bank headquarters from LANDOVER HILLS, MD to CROFTON, MD
2004-09-30Acquired Westview Savings Bank (31086) in BALTIMORE, MD
2009-01-30Failed. Acquired with government financial assistance and subsequently operated as part of Bank of Essex (8675)
2009-04-20Changed name to Essex Bank (8675)
2014-07-07Moved bank headquarters from CROFTON, MD to RICHMOND, VA
2021-12-04Merged into and subsequently operated as part of United Bank (22858)
2021-12-04Merged into and subsequently operated as part of United Bank (22858)

Financial Information (2008-12-31 and Older)