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Merger Decisions: 2007 Annual Report to Congress

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Regular Reorganization Mergers
Corporate Reorganization Mergers
Interim Mergers
Failed or Closed Bank Mergers
Complete 2007 Report - PDF
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Failed or Closed Bank Mergers
Applicant Institution Other / Target Institution  
Institution Name
City, State
Total Assets (000's) Cert # Institution Name
City, State
Assets Acquired (000's) Offices Acquired Cert# Action Approved DOJ
Reply Date

See Note
Application Number
Allegheny Valley Bank of Pittsburgh
PITTSBURGH, PA
365,000 6058 Metropolitan Savings
PITTSBURGH, PA
15,760 1 35353 2/2/2007 N/A 20080577 Included in Regular Mergers
ING Bank, fsb
WILMINGTON, DE
74,168,365 35489 NetBank
ALPHARETTA, GA
2,473,806 0 32575 6/30/2007 N/A OTS
The Citizens Banking Company
SANDUSKY, OH
771,149 12982 Miami Valley Bank
LAKEVIEW, OH
86,673 2 16848 10/4/2007 N/A FED

Note: The "Other/Target Institution" is the institution that failed during 2007. The respective “Applicant Institution” is the competitive bidding winners to purchase certain assets and assume the liabilities to pay certain deposits of the “Other/Target Institution.” The FDIC’s Board of Directors found that immediate action was necessary and waived the publication of notice and solicitation of reports on the competitive factors involved.

If the "Applicant Institution" is a non FDIC-supervised financial institution, the Primary Federal Regulator processed that merger application, and that application is not included in the FDIC’s annual merger totals.



Last Updated 11/7/2008 supervision@fdic.gov