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  • Bank Failures in 2007

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    Richarnellia-RichieRichBattiest-Collins
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    In October 2007, the Miami Valley Bank in Lakeview, Ohio was closed by regulators with $86.7 million in assets and $76 million in deposits. The Citizens Bank Company agreed to assume $62 million of the failed bank's insured deposits. In September 2007, NetBank in Alpharetta, Georgia was closed with $2.5 billion in assets and $2.3 billion in deposits, with ING Bank agreeing to assume $1.5 billion in insured non-brokered deposits. In February 2007, Metropolitan Savings in Pittsburgh, Pennsylvania was closed with $15.8 million in assets, with Allegheny Valley Bank of Pittsburgh assuming $12 million in insured deposits.

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    In October 2007, the Miami Valley Bank in Lakeview, Ohio was closed by regulators with $86.7 million in assets and $76 million in deposits. The Citizens Bank Company agreed to assume $62 million of the failed bank's insured deposits. In September 2007, NetBank in Alpharetta, Georgia was closed with $2.5 billion in assets and $2.3 billion in deposits, with ING Bank agreeing to assume $1.5 billion in insured non-brokered deposits. In February 2007, Metropolitan Savings in Pittsburgh, Pennsylvania was closed with $15.8 million in assets, with Allegheny Valley Bank of Pittsburgh assuming $12 million in insured deposits.

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    10 views1 page

    Bank Failures in 2007

    Uploaded by

    Richarnellia-RichieRichBattiest-Collins
    In October 2007, the Miami Valley Bank in Lakeview, Ohio was closed by regulators with $86.7 million in assets and $76 million in deposits. The Citizens Bank Company agreed to assume $62 million of the failed bank's insured deposits. In September 2007, NetBank in Alpharetta, Georgia was closed with $2.5 billion in assets and $2.3 billion in deposits, with ING Bank agreeing to assume $1.5 billion in insured non-brokered deposits. In February 2007, Metropolitan Savings in Pittsburgh, Pennsylvania was closed with $15.8 million in assets, with Allegheny Valley Bank of Pittsburgh assuming $12 million in insured deposits.

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    Bank Failures in 2007

    The list of Bank Failures in Brief is updated through October 4, 2007. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662). October 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) September 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) February 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)

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