Industry | Banking |
---|---|
Fate | Acquired by Citizens National Bank |
Successor | Citizens National Bank [1] |
Founded | April 3, 1964 [1] |
Defunct | January 3, 1977 [1] |
Headquarters | Bowie, Maryland [1] |
Total assets | $21.4 million [2] |
Belair National Bank was a bank headquartered in Bowie, Maryland. It operated 4 branches. In 1977, it was acquired by Citizens National Bank.
A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.
Bowie is a city in Prince George's County, Maryland, United States. The population was 54,727 at the 2010 U.S. Census. Bowie has grown from a small railroad stop to the largest municipality in Prince George's County, and the fifth most populous city and third largest city by area in the U.S. state of Maryland. In 2014 CNN Money ranked Bowie 28th in its Best Places to Live in America list.
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The bank was formed on April 3, 1964. [1]
On January 3, 1977, the bank was acquired by Citizens National Bank. [1]
Citizens National Bank was founded on July 11, 1890 in Laurel, Maryland as Citizens National Bank of Laurel. The bank's founder and first president was Charles H. Stanley. On April 1, 1965, it was renamed to Citizens National Bank after merging with The Central Bank of Howard County.
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