News Stories Related To: Today's Friday Bank Failure: Ameribank, Inc.
By: Coyote 
Ameribank, Inc., was closed today by the Office of the Thrift Supervision and the Federal Deposit Insurance Corporation (FDIC) was named receiver. The FDIC entered into purchase...
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- News Source: Sun Sentinel | about 1 year agoWant to know if your bank deposits are insured, what happens if a bank fails or what a depositor's rights are?
- News Source: MSN Money | about 1 year agoIn the meantime, depositors could access their accounts via ATMs, debit cards and checks...Debit cards and ATMs would not work, and checks that hadn't cleared would be returned with a "bank closed" notation...The share-insurance fund is an arm of the...
- News Source: Gulfnews.com | about 1 year agoThe Federal Deposit Insurance Corp said the Northfork, West Virginia-based bank had $115 million in assets and $102 million in deposits as of June 30. The failure is expected to cost the US bank deposit insurance fund about $42 million. Pioneer...
- News Source: Tulsa World | about 1 year agoCongress created the Federal Deposit Insurance Corporation in 1933 to restore public faith in our banking system. It insures deposits at the nation's 8,494 banks and savings associations and promotes their safety and soundness by monitoring risks...
- News Source: Asian Wall Street Journal | about 1 year agoRegulators shut down a 102-year-old West Virginia bank on Friday and sold all deposits to Pioneer Community Bank Inc. of Iaeger, W.V. and The Citizens Savings Bank of Martins Ferry, Ohio. The closure of Northfork, W.V.-based Ameribank Inc. was the...
- News Source: Uinta County News | about 1 year agoWest Virginia on Friday became the 12th federally-insured bank to fail so far this year. Following is a list of the banks shut down by regulators, including IndyMac Bank, the largest regulated thrift to fail and second-largest financial institution...
- News Source: CNN | about 1 year agoAmeribank Inc. was shut down on Friday by the Office of the Thrift Supervision, making it the 12th bank this year to go under. The Northfork, West Virginia bank had total assets of $115 million and total deposits of $102 million, according to a...
- News Source: MarketWatch | about 1 year agoA tumultuous week for financial markets was capped Friday with the closure of Northfork, W.Va.-based Ameribank Inc., the 12th U.S. bank closure so far this year. The Federal Deposit Insurance Corporation said in a statement late in the day that...
- News Source: Merced Sun-Star | about 1 year agoFederal regulators have shut down Ameribank Inc., a small bank in West Virginia, saying it overextended loans for the rehabilitation of distressed properties. It was the 12th failure this year of a federally insured bank. The Federal Deposit...
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