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County and Municipal Employees Credit Union in Edinburg, Texas, has been liquidated by the Texas Credit Union Department.
October 14 -
Sixteen banks, along with John Eggemeyer and Tim Chrisman, raised $6.3 million to keep the Hispanic-focused bank from failing.
July 22
WASHINGTON NBRS FInancial in Rising Sun, Md., has become the second institution in the state to fail this year.
The $188.2 million-asset bank was seized Friday by state regulators and its $183.1 million in deposits was sold to Howard Bank in Ellicot City. Howard Bank agreed to acquire all of NBRS FInancial's remaining assets.
The failure is estimated to cost the Deposit Insurance Fund $24.3 million. This is the 15th bank to fail this year.