American Bank

Status:Inactive as of 2016-01-01
 Merger - Without Assistance
Successor Bank:Forbright Bank
Headquarters:American Bank
1700 Rockville Pike
Rockville, MD 20852
Established:1983-06-06
FDIC Insurance:1985-05-31
FDIC Cert:#32328
Charter Class:Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
# of Branches:6
Total Assets:$319,176,000
Total Deposits:$263,052,000

History

1983-06-06Institution established: Original name:United Savings Association
1987-11-30Changed organization type to STOCK SAVINGS BANK
1987-11-30Changed name to American Federal Savings Bank
2000-04-19Changed name to American Bank
2002-09-13Moved bank headquarters from ROCKVILLE, MD to SILVER SPRING, MD
2007-06-29Acquired The Grange Bank (34975) in COLUMBUS, OH
2008-06-11Moved bank headquarters from SILVER SPRING, MD to ROCKVILLE, MD
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2016-01-01Merged into and subsequently operated as part of Congressional Bank (57614) in POTOMAC, MD
2022-01-18Changed name to Forbright Bank.

Financial Information (2015-12-31 and Older)