Converts from federal to state-chartered community bank
Cambridge, MD – Delmarva Bancshares, Inc. announced today that the National Bank of Cambridge has converted from federal to state charter and has been renamed 1880 Bank. It will remain the only locally operated, independent bank headquartered in Dorchester County.
The 1880 Bank name is inspired by the institution’s founding year and its 134 years of service in Dorchester County. As a state-chartered community bank, it could no longer have the word ‘National’ in its name.
National Bank of Cambridge President Elected to Federal Home Loan Bank of Atlanta
Banking industry veteran named Maryland representative on regional bank board
Cambridge, Maryland, Oct. 9, 2014 – The Federal Home Loan Bank of Atlanta announced that Kim C. Liddell, Chairman, President and CEO of the National Bank of Cambridge, was elected to the 14-member board of directors on October 3, 2014. Liddell’s four-year term begins January 1, 2015.
National Bank of Cambridge Announces Regulator Lifts Formal Agree
Cambridge, MD – The National Bank of Cambridge (the “Bank”) announced today that the Office of the Comptroller of the Currency (the “OCC”) terminated the Formal Agreement entered into on April 1, 2010 with the Bank. The Bank is no longer subject to the operational and financial constraints of the Formal Agreement, has successfully resolved all of the requirements of the agreement, and continues to exceed all regulatory standards for a “well-capitalized” financial institution.
At 1880 Bank we take pride in a 130-year tradition of serving our neighborhood. We invest in our customers—offering individuals and businesses a full menu of financial products and services that make banking with us convenient, dependable, and one hundred percent satisfying.