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- Total assets: $115 million
- 12th bank failure of 2008
- FDIC will spend and estimated $42 million to cover insured depositsAssociated Press: Regulators shut down Ameribank in West Virginia (September 19, 2008)
- Largest failure of 2008: IndyMac, with assets of $32 billion
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Ameribank Inc. became the 12th failed bank of 2008, with the September 19 intervention of the Office of the Thrift Supervision.CNN.com: 12th bank failure of the year announced (September 19, 2008) The West Virginia company has five branches in its home state and three in Ohio. West Virginia account-holders will be automatically transferred to Pioneer Community Bank, while Ohio account holders will be transferred to Citizens Savings Bank.CNN.com: 12th bank failure of the year announced (September 19, 2008)
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Ameribank Failure Questions
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How do you deal with failure? What outlooks help you when you fail? 2 AnswersI have notes that I pull out when I have failed or almost failed at something according to me and then most like things turns for the better from there. read more -
What has been Mahalos biggest failure? 12 AnswersThis is a great question, thanks for asking! My philosophy is to try a lot of things and rapidly change what's not working. That's why we've gotten to over 5m ... read more -
OPEN THREAD: Colonial Bank becomes the biggest bank failure of 2009 1 AnswerPeople of authority in this world, should realize life is not or never was based on non-materialistic, physical things like money, oil, fine cars, jewelry or an... read more
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