NBRS Financial Bank
| Company type | Private |
|---|---|
| Industry | Banking |
| Predecessor | The Evans and Wood Bank |
| Founded | 1873 |
| Defunct | 2014 |
| Headquarters | Maryland , United States |
| Products | Banking services |
Number of employees | 54 (2014) |
NBRS Financial Bank was a banking institution located in Maryland, United States, with operations spanning from 1873 until its shutdown by state authorities in 2014.
History
Originally established in 1873 under the name The Evans and Wood Bank, the institution received its national bank charter on July 1, 1880, adopting the title The National Bank of Rising Sun. In 2002, it transitioned to a state charter and took on the name NBRS Financial. The bank grew its presence by opening branches in several locations: Aberdeen (2004), Elkton (2005), Havre De Grace (2000), Peach Bottom (1973), Rising Sun (1880), and Street (2003). As of mid-2014, NBRS employed 54 full-time personnel spread across six branches, a decline from its highest staff count of 75 employees as documented by the Federal Deposit Insurance Corporation.
During the 2010s, the bank encountered financial challenges caused by troubled loans, which ultimately resulted in regulatory intervention and closure in 2014.