The Graveyard › Banks › 2008
Ameribank, Inc.
Northfork, WV · failed September 19, 2008 · FDIC certificate 6782
Ameribank, Inc. of Northfork, WV failed on September 19, 2008. It opened in 1906, 102 years before. At its last report before that it held $104.0 million in assets and $100.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2007, it held $168.0 million. The FDIC estimates that the Deposit Insurance Fund lost $38.3 million on it.
1984-032008-06
Assets at the end$104.0 millionlast report before September 19, 2008
Deposits at the end$100.9 million
Estimated loss to the fund$38.3 millionDIF
Largest in the quarterly reports$168.0 millionMarch 31, 2007
Equity to assets2.6%June 30, 2008
Loans not being repaid41.5%noncurrent, June 30, 2008
Return on assets-11.65%a year's rate, June 30, 2008
Staff63full time, June 30, 2008
Also ended in 2008
- Citibank, National Association · Las Vegas · $1.21 trillion in assets · assisted
- Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
- Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
- IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
- Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
- Downey Savings and Loan Association, F.A. · Newport Beach, CA · $12.8 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.