The Graveyard › Banks › 2007
NetBank
Alpharetta, GA · failed September 28, 2007 · FDIC certificate 32575
NetBank of Alpharetta, GA failed on September 28, 2007. It opened on March 21, 1988, 19 years before. At its last report before that it held $2.5 billion in assets and $2.3 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2005, it held $5.1 billion. The FDIC estimates that the Deposit Insurance Fund lost $119.6 million on it.
1988-062007-06
Assets at the end$2.5 billionlast report before September 28, 2007
Deposits at the end$2.3 billion
Estimated loss to the fund$119.6 millionDIF
Largest in the quarterly reports$5.1 billionSeptember 30, 2005
Equity to assets2.6%June 30, 2007
Loans not being repaid9.6%noncurrent, June 30, 2007
Return on assets-10.06%a year's rate, June 30, 2007
Staff1,229full time, June 30, 2007
Also ended in 2007
- Miami Valley Bank · Lakeview, OH · $125.4 million in assets
- Metropolitan Savings Bank · Pittsburgh, PA · $15.8 million 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.