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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References
Fast Facts
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Total assets
$115 million
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Fact:
12th bank failure of 2008
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Fact:
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Largest failure of 2008
IndyMac, with assets of $32 billion
