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Bank Failure Friday: NBRS Financial, Rising Sun, Maryland,15th Failure of 2014


This is the first bank failure since July!

From the FDIC: Howard Bank, Ellicott City, Maryland, Assumes All of the Deposits of NBRS Financial, Rising Sun, Maryland

As of June 30, 2014, NBRS Financial had approximately 8.2 million in total assets and 3.1 million in total deposits. … The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be .3 million. … NBRS Financial is the 15th FDIC-insured institution to fail in the nation this year, and the second in Maryland. The last FDIC-insured institution closed in the state was Slavie Federal Savings Bank, Bel Air, on May 30, 2014.

Calculated Risk

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