Which banks are lending on multifamily and commercial real estate in Maryland?
Reviewed by Dominick Prevete, Founder, Blue Sky Capital Advisors
LinkedInBlue Sky Capital Advisors LLC, NJ entity ID 0450507578 (verify on the NJ business search)
27 FDIC-insured banks headquartered in Maryland with under $100 billion in assets held $2.3 billion of multifamily loans and $13.6 billion of commercial real estate loans at June 30, 2026, in Dominick Prevete's analysis of FDIC Call Report data for Blue Sky Capital Advisors, a commercial mortgage advisor. The two largest multifamily books are at Eaglebank and Cfg Bank. 29.1% of the state's bank CRE sits at banks at or above the 300% monitoring level, rank 10 of 43 states.
Data as of June 30, 2026 (Q2 2026 FDIC Call Reports) · Retrieved October 12, 2026MethodologyDownload the Maryland data (CSV)
Maryland bank CRE at a glance
| Measure | Maryland | U.S. | Rank of 43 |
|---|---|---|---|
| FDIC-insured banks | 27 | 4,281 | 37 |
| Multifamily loans | $2.3B | $405.2B | 35 |
| Total CRE loans | $13.6B | $1,600.5B | 35 |
| Multifamily growth, year over year | −6.2% | +3.5% | 41 |
| CRE growth, year over year | −7.4% | +3.4% | 43 |
| Share of CRE at banks at or above 300% | 29.1% | 25.0% | 10 |
| Share of CRE at banks at or above 200% | 81.7% | 71.0% | 18 |
| Banks growing multifamily | 5 of 10 (50.0%) | 670 of 1,066 (62.9%) | 36 (tied) |
CRE is construction, multifamily and non-owner-occupied commercial real estate loans. Growth is like for like: Maryland banks that filed at both dates with no merger in the year. "Banks growing multifamily": of the 10 such Maryland banks with a multifamily book of $25 million or more a year earlier, the 5 whose book is larger now; the rank orders that share.
What stands out in Maryland
Like for like, Maryland's banks' multifamily books shrank 6.2% in the year to June 30, 2026, the third-lowest of the 43 ranked states (U.S.: +3.5%).
Banks here added multifamily loans more slowly than banks nationally, so ask a bank early whether it is still taking new apartment loans.
5 of Maryland's 10 banks with a multifamily book of $25 million or more a year ago grew it (50.0%), tied for the 6th lowest of the 43 ranked states (U.S.: 62.9%).
Fewer of this state's multifamily lenders are growing their books than nationally, so a borrower here may need to ask more banks, or look past them.
Which Maryland banks are growing multifamily?
| # | Bank | City | Multifamily loans | Multifamily, year over year | CRE concentration (% of capital) | CRE, 36 months |
|---|---|---|---|---|---|---|
| 1 | EAGLEBANK | BETHESDA | $806.4M | −24.2% | 258.2% | −31.5% |
| 2 | CFG BANK | LUTHERVILLE | $460.6M | −16.0% | 238.7% | −8.1% |
| 3 | SHORE UNITED BANK NA | EASTON | $264.6M | −0.5% | 325.5% | +109.1%† |
| 4 | FORBRIGHT BANK | POTOMAC | $224.9M | +119.8% | 140.7% | +66.6% |
| 5 | CAPITAL BANK NATIONAL ASSN | ROCKVILLE | $219.0M | +22.6% | 304.2% | +54.7%† |
| 6 | FIRST UNITED BANK&TRUST | OAKLAND | $48.9M | +11.6% | 200.5% | +22.7% |
| 7 | PRESIDENTIAL BANK FSB | BETHESDA | $39.0M | +12.1% | 320.7% | −2.6% |
| 8 | BAYVANGUARD BANK | BALTIMORE | $35.9M | +34.7% | 214.6% | +12.1% |
| 9 | FARMERS&MERCHANTS BANK | UPPERCO | $33.4M | −5.9% | 379.2% | +13.3% |
| 10 | WOODSBORO BANK | WOODSBORO | $25.3M | +4.5% | 231.5% | +24.0% |
| 11 | MIDDLETOWN VALLEY BANK | MIDDLETOWN | $23.8M | +3.3% | 248.7% | +18.0% |
| 12 | HARBOR BANK OF MARYLAND | BALTIMORE | $23.3M | +26.4% | 214.4% | +51.3% |
| 13 | ROSEDALE BANK | NOTTINGHAM | $20.1M | +6.6% | 137.6% | +13.0% |
| 14 | HEBRON SAVINGS BANK | HEBRON | $18.0M | +89.7% | 215.6% | +38.7% |
| 15 | HARFORD BANK | ABERDEEN | $17.7M | +66.7% | 235.5% | +30.0% |
| 16 | QUEENSTOWN BANK OF MARYLAND | QUEENSTOWN | $17.0M | +2.6% | 126.9% | +6.3% |
| 17 | BANK OF OCEAN CITY | OCEAN CITY | $12.7M | +36.0% | 275.6% | +22.8% |
| 18 | EASTERN SAVINGS BANK FSB | HUNT VALLEY | $11.4M | −57.8% | 99.2% | +9.3% |
| 19 | FARMERS BANK OF WILLARDS | WILLARDS | $9.2M | −0.2% | 110.9% | +13.0% |
| 20 | CALVIN B TAYLOR BK BERLIN MD | BERLIN | $7.0M | −23.2% | 182.6% | +12.7% |
| 21 | BANK OF GLEN BURNIE | GLEN BURNIE | $7.0M | +40.9% | 77.6% | +78.3% |
| 22 | ARUNDEL BANK | GLEN BURNIE | $5.5M | −2.6% | 135.9% | +19.1% |
| 23 | HOMEWOOD FSB | BALTIMORE | $5.3M | +13.8% | 99.8% | +72.2% |
| 24 | FIRST SHORE FS&LA | SALISBURY | $2.6M | +59.4% | 58.5% | −11.1% |
| 25 | CHESAPEAKE BANK&TRUST CO | CHESTERTOWN | $1.5M | −10.3% | 122.5% | −19.6% |
‡ / † 2 of these 25 Maryland banks absorbed another institution inside the year-over-year / 36-month window (FDIC structure history), so their change reflects a merger, not solely new lending. Names as filed in the FDIC financial data; city is the headquarters. Shading: 300% and over, and 200%–299%.
Banks with $100 billion or more in assets are left out of this table and the state ranks, as on the national page: the largest banks' balance sheets are national. None is headquartered in Maryland.
This list is FDIC Call Report data, not a list of Blue Sky's lender relationships, and it isn't a ranking or endorsement. How Blue Sky gets paid →
Download every Maryland bank (CSV)Every state, and the national picture →
What this means if you're a borrower in Maryland
Where multifamily books are growing slowly, some Maryland banks keep new apartment loans for existing customers. Asking early whether a bank is adding new loans saves weeks.
With few Maryland banks growing their multifamily books, a deal may need capital beyond the state's banks: agency, life-company or debt-fund lenders.
Dominick Prevete of Blue Sky Capital Advisors arranges multifamily and commercial financing for Maryland properties with banks and other lenders, and is paid at closing (how Blue Sky gets paid). Call (908) 220-6404 or request a consultation.
Sources
- FFIEC Central Data Repository: public Call Reports as of June 30, 2026 — Every bank figure on this page: each bank's loans, capital, concentration and growth, from its Call Report as of June 30, 2026 (retrieved October 12, 2026).
- FDIC BankFind Suite: bank lookup — The banks named in the table: look up any Maryland bank by name or FDIC certificate number to confirm its headquarters and status.
- Maryland banks, bank by bank (CSV) — The 27 banks headquartered in Maryland, as filed: the rows behind the tables and every state figure here.
- Methodology, sources and limitations — How CRE concentration, like-for-like growth and the ranks among the 43 states are computed.
Maryland bank CRE: common questions
Which banks in Maryland hold the most multifamily loans?+
Among banks headquartered in Maryland with under $100 billion in assets, Eaglebank ($806.4 million), Cfg Bank ($460.6 million) and Shore United Bank, N.A. ($264.6 million) held the largest multifamily books at June 30, 2026, according to FDIC Call Report data. The table on this page lists the 25 largest, with each bank's change over the year.
Are Maryland banks still growing multifamily?+
Like for like, Maryland's banks shrank 6.2% their multifamily books in the year to June 30, 2026, against +3.5% for U.S. banks under $100 billion. 5 of the 10 Maryland banks with a multifamily book of $25 million or more a year earlier grew it. Like for like means banks that filed at both dates with no merger in the year.
How concentrated is Maryland bank CRE?+
29.1% of the CRE held by Maryland's banks under $100 billion sits at banks at or above 300% of capital, the 2006 interagency monitoring level: rank 10 of 43 states, against 25.0% nationally. 81.7% sits at banks at or above 200%. These are monitoring levels, not limits, and a bank above one is not in violation of anything.
Why don't national banks appear in this list?+
Banks with $100 billion or more in assets are left out of this page's tables and ranks, as on the national page: the largest banks' balance sheets are national, so their headquarters state says little about where they lend. None is headquartered in Maryland. Every bank here is listed by headquarters state, not by where its loans are.
How often is this updated?+
Every quarter, after banks file their Call Reports. This Maryland page reflects the 27 Maryland banks' June 30, 2026 (Q2 2026) filings, retrieved October 12, 2026; Q3 2026 data is expected in December 2026.
What this table is not. Concentration ratios are computed from each Maryland bank's own public regulatory filings and describe portfolio composition relative to capital — nothing here is a statement about any institution's safety, soundness, or condition, and exceeding a supervisory monitoring criterion is neither a violation nor a supervisory finding. Blue Sky Capital Advisors is a commercial mortgage advisory firm, not a bank rating agency.