On Friday, April 27, 2012, Bank of the Eastern Shore was closed by the Maryland Commissioner of Financial Regulation. The FDIC was named Receiver. Deposit Insurance National Bank of Eastern Shore (DINB), Cambridge, MD acquired all deposit accounts, except for brokered deposits, CDs, and IRAs.
The FDIC as Receiver for Bank of the Eastern Shore, Cambridge, MD has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on May 22, 2023 and has made all dividend distributions required by law.
Effective November 1, 2023, 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: November 1, 2023
Notice of Intent to Terminate
Publication Date: May 22, 2023
Dividend Information
Report on dividends paid
Press Release
Official press release
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TRANSACTION DOCUMENTATION
Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution
BankFind Suite: Find Institutions by Name & Location
BankFind Suite allows you to locate the failed bank by name or FDIC certificate number.