NETBANK Failed 2007
What happened
NETBANK of ALPHARETTA, GA was closed on 2007-09-28. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to ING BANK, FSB (WILMINGTON, DE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3554
- FDIC Certificate
- 32575
- FDIC FIN
- 10001
- Bank name
- NETBANK
- Location
- ALPHARETTA, GA
- Failure date
- 2007-09-28
- FDIC resolution date
- 2007-09-28
- Charter type
- Savings bank
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $120M
- Deposits at failure
- $2,290M
- Assets at failure
- $2,474M
- Acquiring bank
- ING BANK, FSB (WILMINGTON, DE)