Summary
A Crofton-based bank last week became the first Maryland bank shut down by federal regulators since 1992.
The Office of Thrift Supervision closed the $353 million bank Friday after warning that its aggressive lending had left it bloated with bad loans.See the full content of this document
Extract
Feds Close Crofton Bank; Hurt by Bad Loans
On Friday, the Federal Insurance Deposit Corp. took over the bank and sold its assets to Essex Bank. Branches in Crofton, Arnold, Rockville, Clinton...
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