Academic journal article ABA Banking Journal

What's in a Name? Rising Sun Bancorp and Port Deposit, MD

Academic journal article ABA Banking Journal

What's in a Name? Rising Sun Bancorp and Port Deposit, MD

Article excerpt

A World War II buff might expect this institution to somehow be oriented towards the Japanese culture, as that country was once known as "The Land of the Rising Sun." However, this one-bank holding company, with $117.4 million in assets, is as American as they come and predated WWII by more than 60 years. The story behind its name, taken from the small town in Maryland that serves as its headquarters, is quite domestic.

In the early 1700s, a Henry Reynolds established an inn at a stagecoach crossroads called "Nottingham Lots." The inn's sign portrayed the beams of the rising sun and contained the words, "The Rising Sun." In time, the community came to be called Summer Hill, but with the inn forming the center of all activity there, the expression, "I'll meet you at the Rising Sun," came to mean the town itself. The town's history indicates that once an expansion of the postal system made it necessary to settle on a name, "Rising Sun" made the most sense.

For many years, the local bank, National Bank of Rising Sun, continued the historical tradition. But in 2002, a charter change became effective, and the bank's name changed to the fairly anonymous NBRS Financial. …

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