"FDIC Approves The Assumption of The Insured Deposits of Netbank, Alpharetta, Georgia"

Sep 29 07

"FDIC Approves The Assumption of The Insured Deposits of Netbank, Alpharetta, Georgia". The Federal Deposit Insurance Corporation says "NetBank "with $2.3 billion in total deposits as of June 30, was closed today by the Office of Thrift Supervision.... The failed bank was an Internet bank and did not have any physical branches. Depositors of NetBank will automatically become depositors of ING Bank."

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