The Sun Sets on Rising Sun, Maryland Bank

The rate of bank failure is down significantly in 2014. This does not mean all banks are safe however, as evidenced by eighteenth-ranked NBRS Financial of Rising Sun, Maryland being closed by state regulators. NBRS Financial had approximately $188.2 million in total assets and $183.1 million in total deposits as of its most recent regulatory filing. Howard Bank, 1840th on our list, of Ellicott City, Maryland, has agreed to purchase essentially all of the assets and to assume all of the deposits of NBRS Financial. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $24.3 million.