Bank Failures
There were 3 bank failures in 2007. See detailed descriptions below.
For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.
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2007 Summary by Month
(Approximate asset dollar volume based on figures from the press releases)
| 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 | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| October Back to Top | |||||
| Miami Valley Bank, Lakeview, OH | PR-083-2007 | October 4, 2007 | $86.7 | $76.0 | The Citizens Banking Company, Sandusky, OH agreed to assume all insured deposit accounts. |
| September Back to Top | |||||
| NetBank, Alpharetta, GA | PR-081-2007 | 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 Back to Top | |||||
| Metropolitan Savings Bank, Pittsburgh, PA | PR-009-2007 | February 2, 2007 | $15.8 | $12.0 | Allegheny Valley Bank of Pittsburgh, PA has agreed to assume approximately $12.0 million of insured deposits. |
