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Mon May 21, 2012
Alpharetta, Georgia-based NetBank was closed late last week by the Office of Thrift Supervision and the Federal Deposit Insurance Corp., according to a press release posted on the bank’s Web site.
With total assets valuing $2.5 billion and $2.3 billion in deposits, the well-known internet bank was put under the domain of the Federal Deposit Insurance Corp. Terms of the arrangement indicate that NetBank depositors will be serviced by FDIC member, ING Bank, fsb.
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