$347M
total assets, December 31, 2008
Suburban Federal Savings Bank was a savings bank in Crofton, MD. It failed on Jan 30, 2009, and Bank Of Essex took over its deposits. At its last report it held $347.4 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Jan 30, 2009
- Assets
- $347M
- Deposits
- $302M
- Estimated cost
- $73.8M
- Deposits went to
- Bank Of Essex, Tappahannock, VA
Total assets
$347M
-15.7% in a year · -1.7% in a quarter
Deposits
$302M
-17.0% in a year · 0.0% in a quarter
Loans
$305M
-15.6% in a year · -1.3% in a quarter
Profit so far
-$32.9M
Jan 1 to Dec 31, 2008 · -35110.6% in a year
Capital ratio
-0.57%
-8.08 pts in a year
Return on assets
-8.77%
-8.79 pts in a year
Facts
- Type
- Savings bank
- Head office
- 2120 Baldwin Avenue, Crofton, MD, 21114
- County
- Anne Arundel
- Established
- Jan 1, 1954
- Failed
- Jan 30, 2009
- Employees
- 60
- Branches
- 7
- Id
- b30763
Quarter by quarter
March 31, 1984 to December 31, 2008
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Suburban Federal Savings Bank?
$347.4 million in total assets and $301.8 million in deposits as of December 31, 2008, with assets down 15.7% from a year before. Its loans were $305.0 million.
How many branches does Suburban Federal Savings Bank have?
7 branches in Maryland as of June 30, 2026.
Is Suburban Federal Savings Bank profitable?
No: it lost $32.9 million from January 1 to December 31, 2008. Its return on assets was -8.77% a year; about 1% is typical.
When did Suburban Federal Savings Bank fail?
Jan 30, 2009. Bank Of Essex of Tappahannock, VA took over its deposits. The estimated cost of the failure was $73.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.