WASHINGTON (AP) -- Regulators have closed a small lender in Maryland, bringing U.S. bank failures this year to 15 after 24 closures in all of 2013.
The Federal Deposit Insurance Corp. said Friday that it has taken over NBRS Financial Bank of Rising Sun, Maryland.
The bank, which operated five branches, had about $188.2 million in assets and $183.1 million in deposits as of June 30.
Howard Bank of Ellicott City, Maryland, has agreed to pay the FDIC a premium of 1.19 percent to assume all of the failed bank's deposits. It also agreed to buy essentially all of its assets.
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