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.
|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
|Closing Date||Approx. Asset
|Acquirer & Transaction|
|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 insured deposit accounts.|
|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.|
|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.|