Bank Failures in Brief
There were 3 bank failures in 2007. The list of Bank Failures in Brief was updated through October 4, 2007. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).
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)
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)
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)