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Cecil Whig - - OPINION -

To the re­port is­sued this week by the Federal Re­serve’s Of­fice of the In­spec­tor Gen­eral that de­tails just what went wrong with NBRS Fi­nan­cial prior to the bank’s 2014 col­lapse. We’ve never seen a gov­ern­ment re­port be so blunt in its al­le­ga­tions of fraud, in­ep­ti­tude and seem­ing cor­rupt­ness that ul­ti­mately ended with the demise of a more than 130-yearold county in­sti­tu­tion — one of only two re­main­ing lo­cal banks at the time. It’s sad to read the depth of the is­sues at the top man­age­ment of the bank that was re­spon­si­ble for so many Ce­cil County ac­count hold­ers, some of whom may not have been fully cov­ered by the Federal De­posit In­sur­ance Cor­po­ra­tion’s pol­icy of up to $250,000. While most ac­count hold­ers prob­a­bly have seen no real is­sue in the switch to Howard Bank, the fail­ure of NBRS was a drain on all who put money into bank ac­counts, as the $24 mil­lion hit to the De­posit In­sur­ance Fund makes its way back to users one way or another.

To the resur­fac­ing of an out-of-county branch of the Ku Klux Klan over the past week­end. The group dropped fliers pro­mot­ing its agenda on the doorsteps of western county res­i­dents, many who ex­pressed shock and anger to the ac­tion. The sin­gle sheet of pa­per was dis­trib­uted by the East Coast Knights of the True In­vis­i­ble Em­pire, which also hosted a meet­ing at the County Ad­min­is­tra­tion Build­ing in Elk­ton in 2013. While the group tries to re­brand it­self as white pride civic or­ga­ni­za­tion, those with any knowl­edge of the KKK’s his­tory will stay far away. Wayne Tome, mayor of Port De­posit, wasn’t pleased with the covert de­liv­ery, say­ing he was “ap­palled” by this lat­est act by “cow­ards.” We whole­heart­edly agree.

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