Mercantile Potomac Bank Overview
Mercantile Potomac Bank, founded in January 21, 1974, is currently an active FDIC insured bank. The chartering agency for Mercantile Potomac Bank is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Mercantile Potomac Bank has an FDIC insurance membership with the BIF – Bank Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).
Mercantile Potomac Bank is assigned uner the New York Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on January 21, 1974.
Address Location and Maps for Mercantile Potomac Bank
Bank Name | Mercantile Potomac Bank | |
Address | 702 Russell Avenue Gaithersburg, MD 20877 |
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County: | Montgomery | |
Bank’s State: | Maryland | |
Website: | http://www.mercantilepotomacbank.com:80/ |
Mercantile Potomac Bank Detailed Information
FDIC Certificate ID | 21415 |
Bank Institution Name | Mercantile Potomac Bank |
Is the Bank Active? | Active |
Office of Thrift Supervision Docket ID | Not an OTS Member |
Total Assets | $1,076,350,000 |
Total Deposits | $779,598,000 |
Regulator | Federal Deposit Insurance Corporation (FDIC) |
Bank Charter Class | NM – Commercial Bank. Bank is supervised by the Federal Deposit Insurance Corporation (FDIC). State charter and Fed non-member |
FDIC Bank’s Chartering Agency | State |
Bank is FDIC Insured | Yes, FDIC insured bank is a member of the Bank Insurance Fund |
Bank Insurance Fund | BIF – Bank Insurance Fund |
Date of Deposit Insurance | January 21, 1974 |
Change Code | 223 |
Change Code Description | Merger – FDIC Insured Bank Without Assistance |
OCC Bank Charter Number | No FDIC Bank Charter Number |
Conservatorship | FDIC insured bank is not being operated by government conservatorship. |
Inactive Bank that used to be FDIC insured? | Yes |
Credit Card Institution | No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold. |
Insured Commercial Banks | Yes |
FDIC Supervisory Region | New York |
Insured Savings Institution | No, Bank is not Savings Association Insurance Fund (SAIF) insured |
State Charter | Yes |
County | Montgomery |
Office of Thrift Supervision Region | Southeast |
Assigned Federal Reserve District | New York |
Oakar Institutions | No |
FDIC Field Office | 0 |
Insured offices of foreign banks | 0 |
Mercantile Potomac Bank is insured by the Federal Deposit Insurance Corporation (FDIC)