On Friday, September 28, 2007, NetBank was closed by the Office of Thrift Supervision. The FDIC was named Receiver. ING Bank, fsb (ING DIRECT), Wilmington, DE acquired all insured non-brokered deposits.
The FDIC as Receiver for NetBank, Alpharetta, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 24, 2021 and has made all dividend distributions required by law.
Effective October 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
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ACQUIRING INSTITUTION: ING DIRECT
About ING DIRECT
All insured non-brokered deposits were transferred to ING Bank, fsb (ING DIRECT), Wilmington, DE ("assuming institution"). Former NetBank locations reopened as branches of ING DIRECT.
Your transferred deposits were separately insured from any accounts you may have already had at ING DIRECT for at least six months after the failure of NetBank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with ING DIRECT as long as the deposits are not pledged as collateral for loans.
Contacting ING DIRECT
On November 1, 2012, ING DIRECT merged with Capital One, National Association.
You can contact Capital One, National Association:
Capital One, National Association
1680 Capital One Drive
Mclean, VA 22102
Capital One, National Association (www.capitalone.com)