Broker Center sponsored links

ING Bank to acquire NetBank deposits

Fri Sep 28, 2007 4:08pm EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

NEW YORK, Sept 28 (Reuters) - ING Direct, an online banking arm of Dutch banking group ING Groep, (ING.AS: Quote, Profile, Research, Stock Buzz) (ING.N: Quote, Profile, Research, Stock Buzz) said it plans to acquire $1.4 billion in deposits and 104,000 customers from failed Internet bank NetBank Inc for $14 million.

The U.S. Office of Thrift Supervision said on Friday it closed NetBank and appointed the Federal Deposit Insurance Corp as receiver.

ING Direct has $57 billion in deposits, $23 billion in mortgage loans and $75 billion of assets.

(Reporting by Dan Wilchins)

 

Help us advance this story. Provide relevant links or share your insights using our comment box. Please be considerate and help us by reporting any abuse you find. Reuters will delete comments that don't meet community standards.

Have a correction to this article? Email the editors

Featured Broker sponsored link

Editor's Choice

  • Pictures
  • Video
  • Articles
Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

  • Articles
  • Video
  • Recommended