Bank Failure
NBRS Financial Bank
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Closed October 17, 2014 · Rising Sun, MD · FDIC Cert #4862.
- Closing date
- October 17, 2014
- Headquarters
- Rising Sun, MD
- FDIC Certificate
- 4862
- Total assets at closing
- $155.4M
- Total deposits at closing
- $151.6M
- Estimated loss to the insurance fund
- $19.8M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Howard Bank
Context
On October 17, 2014, regulators closed NBRS Financial Bank, headquartered in Rising Sun, MD. At closing, the institution held approximately $155.4M in assets and $151.6M in deposits. The FDIC record names Howard Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $19.8M.
By assets at closing this is the 917th largest of the 3,526 bank failures in the FDIC record, and the 5th of 18 in 2014. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did NBRS Financial Bank fail?
NBRS Financial Bank was closed by regulators on October 17, 2014.
Who acquired NBRS Financial Bank?
The FDIC record names Howard Bank as the acquiring institution in the resolution of NBRS Financial Bank.
How big was NBRS Financial Bank when it failed?
NBRS Financial Bank had approximately $155.4M in total assets and $151.6M in deposits at the time of failure.
Other failures in 2014
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 2014 | Northern Star Bank | $18.8M |
| Nov 7, 2014 | Frontier Bank, FSB | $80.7M |
| Oct 24, 2014 | The National Republic Bank of Chicago | $843.1M |
| Jul 25, 2014 | Greenchoice Bank, FSB | $70.3M |
| Jul 18, 2014 | Eastside Commercial Bank | $173.9M |
| Jun 27, 2014 | The Freedom State Bank | $22.8M |
| Jun 20, 2014 | Valley Bank | $456.4M |
| Jun 20, 2014 | Valley Bank | $81.8M |
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