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Bank Failures

2007 in Brief

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.

2007 Summary by Month

(Approximate asset dollar volume based on figures from the press releases)

Months	Oct	Sep	Feb
Bank Failures	1	1	1
Approx. Asset (Millions)	86.70	2500.00	15.80

October Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	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.

September Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
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.

February Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Metropolitan Savings Bank, 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.