Using cutting edge research, this blog predicts and comments on the probability of failure for the nearly 7000 regulated banks monitored by the Federal Reserve. While most depositors may be protected by the FDIC, the importance of bank survival is still very important to bank clientele with lines of credit, mortgages, loans or other forms of financing. We seek to inform people that they might be at risk.
Saturday, October 18, 2014
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.