West Virginia

Number Twelve: West Virginia’s Ameribank Shut Down by FDIC 

Lost in the shuffle of a historic proposal from the Treasury to bail out the financial markets was yet another small bank failure in West Virginia. Ameribank, Inc. was shut down Friday by the Office of Thrift Supervision and placed into Federal Deposit Insurance Corp. hands; the small bank had total assets of $115 million and total deposits of $102 million.