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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for NBRS Financial, Rising Sun, MD

On Friday, October 17, 2014, NBRS Financial was closed by the Maryland Office of the Commissioner of Financial Regulation. The FDIC was named Receiver. Howard Bank, Ellicott City, MD acquired all deposit accounts.

The FDIC as Receiver for NBRS Financial, Rising Sun, MD has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 28, 2017 and has made all dividend distributions required by law.

Effective December 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: December 1, 2017


Notice of Intent to Terminate

Publication Date: August 28, 2017

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: HOWARD BANK

About Howard Bank

All deposit accounts, including brokered deposits, were transferred to Howard Bank, Ellicott City, MD ("assuming institution"). Former NBRS Financial locations reopened as branches of Howard Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Howard Bank for at least six months after the failure of NBRS Financial.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Howard Bank as long as the deposits are not pledged as collateral for loans.

Contacting Howard Bank

You can contact Howard Bank:

Howard Bank
6011 University Boulevard Suite 370
Ellicott City,MD 21043

Howard Bank (www.howardbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (15.9 Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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