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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.
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