# NETBANK

> **Failed bank** · ALPHARETTA, GA · failed 2007-09-28 · Savings bank · FDIC cost $120M

## What happened

NETBANK of ALPHARETTA, GA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $120M
- **Deposits at failure:** $2,290M
- **Assets at failure:** $2,474M
- **Acquiring bank:** ING BANK, FSB (WILMINGTON, DE)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NETBANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NETBANK (FDIC ID 3554), failed 2007-09-28. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3554.

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