Local Business Alert: Regulators turn HarVest Bank’s deposits over to Sonabank

   
The Washington Post Friday, April 27, 2012 7:30:03 PM
LOCAL BUSINESS ALERT

Regulators turn HarVest Bank's deposits over to Sonabank


Regulators on Friday seized HarVest Bank of Maryland and turned over its deposits to McLean-based Sonabank, ending the Gaithersburg institution's two-year struggle to raise capital.

The Federal Deposit Insurance Corp. entered into an agreement with Sonabank to assume HarVest's $145.5 million in deposits and four branches. The locations will reopen on Monday as Sonabank, which will now have more than $610 million in deposits on hand.


Read more at:
http://www.washingtonpost.com/blogs/capital-business/post/regulators-turn-harvest-banks-deposits-over-to-sonabank/2012/04/27/gIQAP7CEmT_blog.html



Or visit PostBusiness.com or Capital Business.

Advertisement

SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP
Washington Post Digital
E-mail Customer Care
1150 15th Street NW
Washington, D.C. 20071 
©2011 The Washington Post

Privacy Policy

Comments

Popular posts from this blog

FOLLOW THE MONEY - Billionaire tied to Epstein scandal funneled large donations to Ramaswamy & Democrats

Breaking: Left-Wing Black History Children’s Book Distributed by Simon & Schuster Is Heavily Plagiarized

Pence goes full swamp on Donald Trump.