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Eastern Shore bank seized by federal regulators
Second National Bancorp the Eastern Shore's largest bank with 30 branches on the Eastern Shore and in the Annapolis Washington area was taken over by the Office of Thrift Supervision and handed to the RTC due to insufficient capital tied to losses in its commercial loan portfolio. The thrift had about 1.6 billion in assets and 1.17 billion in deposits.
MENTIONED IN THIS ARTICLE
Baltimore
Second National Bancorp
Eastern Shore
Annapolis- Washington
Resolution Trust Corp
Congress
Second National
Janis Smith
OTS
Ms. Smith
Annapolis
Salisbury
Ocean City
Delaware
Virginia
Washington, D.C
Mid-Atlantic
Philadelphia
Richmond
James Weber
Johnston, Lemon
Washington
Mr. Weber
Office of Thrift Supervision
Savings and Loan
The
RTC