Bank failure · OH

Miami Valley Bank (Lakeview, OH) — failed October 4, 2007

Miami Valley Bank of Lakeview, Ohio was closed on October 4, 2007 and resolved through a purchase and assumption (insured deposits). The Citizens Banking Company (OH) took over its insured deposits. At failure it held $125.4M in assets and $119.6M in deposits. The FDIC's estimated loss on the failure is $28.4M (22.6% of assets).