Feds close Suburban Federal, sell assets to Bank of Essex 

Posted: 1:00 am Fri, January 30, 2009
By admin

Crofton-based Suburban Federal Savings Bank was closed by the Office of Thrift Supervision Friday, and the Federal Deposit Insurance Corp. named the bank’s receiver. The FDIC said in a statement that all of Suburban’s deposits would be acquired by the Bank of Essex, of Tappahannock, Va. The FDIC also said that Suburban’s seven branches would be ...