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Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Merger Decisions: 2007 Annual Report to Congress

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Merger Decisions Home
Regular Reorganization Mergers
Corporate Reorganization Mergers
Interim Mergers
Failed or Closed Bank Mergers
Complete 2007 Report - PDF
5.6M (PDF Help)
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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
365,000 6058 Metropolitan Savings
15,760 1 35353 2/2/2007 N/A 20080577 Included in Regular Mergers
ING Bank, fsb
74,168,365 35489 NetBank
2,473,806 0 32575 6/30/2007 N/A OTS
The Citizens Banking Company
771,149 12982 Miami Valley Bank
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

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