Bank failure · WV

Ameribank, Inc. (Northfork, WV) — failed September 19, 2008

Ameribank, Inc. of Northfork, West Virginia was closed on September 19, 2008 and resolved through a purchase and assumption. The Citizens Savings Bank (OH) took over its insured deposits. At failure it held $104.0M in assets and $100.9M in deposits. The FDIC's estimated loss on the failure is $38.3M (36.8% of assets).