NBRS FINANCIAL BANK Failed 2014

What happened

NBRS FINANCIAL BANK of RISING SUN, MD was closed on 2014-10-17. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to HOWARD BANK (ELLICOTT, MD). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

4072

FDIC Certificate

4862

FDIC FIN

10506

Bank name

NBRS FINANCIAL BANK

Location

RISING SUN, MD

Failure date

2014-10-17

FDIC resolution date

2014-10-17

Charter type

State commercial bank, Federal Reserve member

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$20M

Deposits at failure

$152M

Assets at failure

$155M

Acquiring bank

HOWARD BANK (ELLICOTT, MD)