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Office of the Comptroller of the Currency

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  • Troubled loans lead to failure of local savings bank

    Troubled loans lead to failure of local savings bank
    Losses on loans made to investors rehabilitating city homes helped drive to failure a small savings bank founded by immigrants in East Baltimore more than 100 years ago, said the CEO of the bank that acquired much of its portfolio.
  • Bay Bank assumes deposits, most loans of failed Bel Air thrift

    Bay Bank assumes deposits, most loans of failed Bel Air thrift
    Bay Bank has agreed to assume the deposits and most of the assets of Slavie Federal Savings Bank after federal regulators closed the institution with offices in Bel Air and Baltimore. The federal Office of the Comptroller of the Currency closed Bel Air-...

    Adding secrecy to scandal in mortgage crisis

    Adding secrecy to scandal in mortgage crisis
    We already know that federal regulators have undermined accountability for abuses by mortgage servicing companies. In another disturbing development, the Federal Reserve and the Office of the Comptroller of the Currency (OCC) are refusing to turn over...

    Fairmount Bancorp switches to state charter

    Fairmount Bancorp switches to state charter
    Baltimore County's Fairmount Bancorp Inc. said Monday its bank, Fairmount Bank, is now a state-chartered commercial bank, after converting from a federally chartered savings bank last week. "We believe the Maryland commercial bank charter will be a...

    Md. foreclosure activity high despite recovering market

    Md. foreclosure activity high despite recovering market
    Maryland's housing market is improving, but many homeowners still face trouble. Foreclosure activity in Maryland last month reached a 33-month high, according to RealtyTrac, which gathers real estate data nationwide. Among the states, Maryland had the...