AMERIBANK, INC. Failed 2008
What happened
AMERIBANK, INC. of NORTHFORK, WV was closed on 2008-09-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE CITIZENS SAVINGS BANK (MARTINS FERRY, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3567
- FDIC Certificate
- 6782
- FDIC FIN
- 10014
- Bank name
- AMERIBANK, INC.
- Location
- NORTHFORK, WV
- Failure date
- 2008-09-19
- FDIC resolution date
- 2008-09-19
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $38M
- Deposits at failure
- $101M
- Assets at failure
- $104M
- Acquiring bank
- THE CITIZENS SAVINGS BANK (MARTINS FERRY, OH)
- FDIC comments
- Pioneer Community Bank, Inc (cert=2448) purchased 2 WV branches. The primary acquirer purchased the OH branches.