Bank failure · MD
Nbrs Financial Bank (Rising Sun, MD) — failed October 17, 2014
Nbrs Financial Bank of Rising Sun, Maryland was closed on October 17, 2014 and resolved through a purchase and assumption. Howard Bank (MD) took over its insured deposits. At failure it held $155.4M in assets and $151.6M in deposits. The FDIC's estimated loss on the failure is $19.8M (12.8% of assets).
- Closing date
- October 17, 2014
- FDIC certificate #
- 4862
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Howard Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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