Augusta Federal Savings Bank

Status:Inactive as of 04/26/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Augusta Federal Savings Association
Headquarters:Augusta Federal Savings Bank
420 N Howard St
Baltimore, MD 21201
Established:01/01/1922
FDIC Insurance:08/09/1989
FDIC Cert:#29819
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$151,333,000
Total Deposits:$132,558,000

History

1922-01-01Institution established: Original name:Augusta Savings and Loan Association Incorporated
1987-12-31Changed organization type to MUTUAL SAVINGS BANK
1987-12-31Changed name to Augusta Federal Savings Bank
1991-04-26Institution established: Original name:Augusta Federal Savings Association (33391)
1991-04-26Placed into government conservatorship.
1991-04-26Failed, went into receivership, and then became part of Augusta Federal Savings Association (33391)
1992-03-20Government conservatorship or bridge bank resolved.
1992-03-20Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.