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IPFS News Link • Economy - Economics USA

Federal Regulators Seize, Sell Md. Bank

1-31-2009 • Washington Post

Federal regulators seized Suburban Federal Savings Bank in the first bank failure in the Washington area since 1993. Suburban Federal, a small bank with 7 branches, was immediately sold to Virginia-based Bank of Essex. All deposits were protected.

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Reported By Powell Gammill

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Federal Regulators Seize, Sell Md. Bank

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