NASDAQ: HBMD), has said that it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to assume all of the deposits and purchase certain loans and other assets of NBRS Financial Bank, a full-service, state chartered commercial bank headquartered in Rising Sun, Maryland.
NBRS operates two branches in Harford County, Maryland, in Aberdeen, and Dublin, two in Cecil County in Elkton and Rising Sun and one branch in Lancaster County Pennsylvania in Peach Bottom.
Due to the sheer volume of records we require for specific cases, such as nationwide torts, it is essential to have a highly efficient solution," said Paul Napoli, senior partner at NBRS
b) Entering and/or importing data of already registered FIEs from different databases into a temporary database, (which will later be imported into the NBRS
NASDAQ:HBMD) has said that its banking subsidiary, Howard Bank, has completed the acquisition of NBRS
Bank branch located at 800 Revolution Street, Havre de Grace, MD 21078 following an agreement signed in April 2014.
NASDAQ: HBMD) has said that its banking subsidiary, Howard Bank, has received all regulatory approvals for the acquisition of the NBRS Financial Bank branch located at 800 Revolution Street, Havre de Grace, MD 21078.
Howard Bank will acquire nearly USD17m in loans and assume approximately USD20m in deposits from NBRS.
President of NBRS, Teresa Greider, said on 11 April 2014 that the bank's customers should not notice any differences in service while a resolution is ironed out with the Federal Reserve.
Regulators say NBRS must either merge with another bank or sell itself while raising equity by selling shares due to the bank's weakened and deteriorating capital position.
Following the agreement, Howard Bank will acquire nearly USD17m in loans and assume approximately USD21m in deposits from NBRS
Howard Bancorp Inc (NASDAQ:HBMD) and Rising Sun Bancorp Inc (OTCBB:RSAM) have signed an agreement in which Howard Bank will purchase the NBRS
Bank branch located at 800 Revolution Street, Havre de Grace, MD 21078.