Standard Federal Savings Bank

Status:Inactive as of 10/21/1992
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Standard Federal Savings Association
Headquarters:Standard Federal Savings Bank
481 North Frederick Ave
Gaithersburg, MD 20877
Established:01/01/1966
FDIC Insurance:08/09/1989
FDIC Cert:#31543
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$1,717,520,000
Total Deposits:$1,539,974,000

History

1966-01-01Institution established: Original name:Standard Federal Savings and Loan Association
1988-01-31Changed organization type to STOCK SAVINGS BANK
1988-01-31Changed name to Standard Federal Savings Bank
1992-10-21Placed into government conservatorship.
1992-10-21Institution established: Original name:Standard Federal Savings Association (33710)
1992-10-21Failed, went into receivership, and then became part of Standard Federal Savings Association (33710)
1994-11-18Moved bank headquarters from GAITHERSBURG, MD to FREDERICK, MD
1994-11-18Acquired Standard Federal Savings Association (33957) in GAITHERSBURG, MD
1995-06-30Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1995-06-30Government conservatorship or bridge bank resolved.