DSB Bank was a Dutch bank and insurer that failed in 2009. The company was founded in 1975 by Dirk Scheringa, the sole shareholder. It was originally called Buro Frisia, but in 1998 the DSB Groep was founded which included Buro Frisia. The bank made the news several times, due to, among numerous things, overpriced mortgages and deferred annuities. On 19 October 2009, the Amsterdam court declared DSB Bank to be in bankruptcy. Currently all bank services are active. No new loan applications are being accepted, and providing advice for payment services has also stopped.