Friday, June 14, 2013

Bank Failures in Brief - 2007

Bank Failures in Brief

2007
The list of Bank Failures in Brief is updated through October 4, 2007. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).
October
Miami Valley Bank, Lakeview, Ohio, with approximately $86.7 million in assets and $76 million in total deposits was closed.  The Citizens Bank Company has agreed to assume $62 million of the failed bank's insured deposits. (PR-83-2007)
September
NetBank, Alpharetta, Georgia, with approximately $2.5 billion in assets and $2.3 billion in total deposits was closed.  ING Bank, fsb (ING DIRECT) has agreed to assume $1.5 billion of the failed bank's insured non-brokered deposits. (PR-81-2007)
February
Metropolitan Savings, Pittsburgh, Pennsylvania, with approximately $15.8 million in assets was closed. Allegheny Valley Bank of Pittsburgh, Pennsylvania has agreed to assume approximately $12.0 million of insured deposits. (PR-9-2007)

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