Bailout Bank Bio: BCSB

May 12, 2009 | 2 min read | Print Article

BCSB Bankcorp Inc. is a federally chartered mid-tier stock holding company. BCSB Bankcorp owns all of Baltimore County Savings Bank, F.S.B.’s (the Bank) capital stock, and directs, plans and coordinates the Bank’s business activities. The Bank is a community-oriented financial institution serving the financial service needs of consumers and businesses within its market area, which consists of the Baltimore Metropolitan Area. As of September 30, 2008, it operated 18 branch offices in Baltimore County, Harford County, Howard County, and Baltimore City, Maryland. The company was founded in 1955 and is based in Baltimore, Maryland

In December 2008 the company announced it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $10.8 million from Treasury in exchange for preferred stocks. Treasury also received warrants that could be exercised to purchase common stock in the future.

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Bailout Bank Bio: BCSB Bankcorp Inc.


Federal Equity Investment	$10.8 million
Total Revenue	$36.254 million
Net Income	$894 thousand
Number of Employees	155
Corporate Headquarters	Baltimore, Maryland
Business Sector	Bank
Officers and Directors	Bouffard, Joseph, President, Chief Executive Officer, Director of the Company and the Bank Other Officers and Directors
Corporate Website	https://www.baltcosavings.com
Executive Compensation	BCSB