Howard Bank, Ellicott City, Maryland, Assumes All of the Deposits of NBRS Financial, Rising Sun, Maryland — 2014-10-17

NBRS Financial, Rising Sun, Maryland, was closed today by the Maryland Office of the Commissioner of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Howard Bank, Ellicott City, Maryland, to assume all of the deposits of NBRS Financial. The five branches of NBRS Financial will reopen as branches of Howard Bank during their normal business hours. Depositors of NBRS Financial automatically will become depositors of Howard Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.