Bank Failures in Brief – 2007
There were 3 bank failures in 2007. See detailed descriptions below.
Please select the buttons below for other years' information.
| Months | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank Failures | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Total Assets (Millions) | 0 | 15.8 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500.0 | 86.7 | 0 | 0 |
| Bank Name, City, ST | Press Release (PR) |
Closing Date | Approx. Asset (Millions) |
Approx. Deposit (Millions) |
Acquirer & Transaction |
|---|---|---|---|---|---|
| October | |||||
| Miami Valley Bank, Lakeview, OH | PR-83-2007 | October 4, 2007 | $86.7 | $76.0 | The Citizens Banking Company, Sandusky, OH agreed to assume all deposits. |
| September | |||||
| NetBank, Alpharetta, GA | PR-81-2007 | September 28, 2007 | $2,500.0 | $2,300.0 | ING Bank, fsb (ING DIRECT) has agreed to assume $1.5 billion of the failed bank's insured non-brokered deposits. |
| February | |||||
| Metropolitan Savings, Pittsburgh, PA | PR-9-2007 | February 2, 2007 | $15.8 | $12.0 | Allegheny Valley Bank of Pittsburgh, PA has agreed to assume approximately $12.0 million of insured deposits. |