那么大的网络银行怎么说倒闭就倒闭啦
谁在里面有钱？偶好奇FDIC issue保护的银行破产後，10万以下的钱如何还给用户～
虽然偶里面没有钱
http://biz.yahoo.com/ap/070928/netbank_closure.html?.v=14FDIC Shuts Down NetBank Due to Defaults
Friday September 28, 6:27 pm ET
By Alan Zibel, AP Business Writer
FDIC Shuts Down NetBank Because of Excessive Level of Mortgage Defaults
WASHINGTON (AP) -- NetBank Inc., an online bank with $2.5 billion in assets,
was shut down by the government on Friday because of an excessive level of
mortgage defaults.
It was the largest savings and loan failure since the tail end of the
industry's crisis more than 14 years ago. Federal regulators appointed the
Federal Deposit Insurance Corp. as a receiver for Alpharetta, Ga.-based
NetBank.
Customers with less than $100,000 deposited with NetBank will be protected
by FDIC insurance.
While dozens of mortgage companies have closed due to soaring defaults of
home loans made to borrowers with weak, or subprime, credit, those problems
previously had occurred among non-bank lenders such as New Century Financial
Corp. NetBank, in contrast, is federally regulated.
Loose mortgage standards in recent years -- especially among lenders
catering to subprime borrowers -- have resulted in a spike in home loan
defaults.
Bert Ely, a banking consultant based in Alexandria, Va., said NetBank was in
"deep trouble" before the subprime mortgage market's woes accelerated this
year. Regulators, he said, "should have closed it a long time ago."
While some Internet-only banks are successful, he said, operating one
without retail branches can be a difficult strategy to maintain.
The FDIC said Friday that $1.5 billion of NetBank's insured deposits will be
assumed by ING Bank, also a major online bank that is part of Dutch
financial giant ING Groep NV. ING will pay $14 million for the deposits and
receive 104,000 new customers.
NetBank, which had no physical branches, sustained significant losses last
year "primarily due to early payment defaults on loans sold, weak
underwriting, poor documentation, a lack of proper controls, and failed
business strategies," the Office of Thrift Supervision said in a statement.
The FDIC said NetBank had $2.5 billion in total assets and $2.3 billion in
deposits as of June 30.
The OTS oversees about 830 savings and loan institutions, or thrifts,
ranging in size from giants like Seattle-based Washington Mutual Inc. to
small community banks. By law, thrifts must have at least 65 percent of
their lending in mortgages and other consumer loans.
The last major thrift to be closed by regulators was Superior Bank of
Hinsdale, Ill. It had total assets of $1.9 billion and was shut down in July
2001. Its failure has so far cost the FDIC's insurance fund an estimated $
273 million.
In June 1993, regulators shut down Western Federal Savings and Loan
Association, which had total assets of $3.8 billion. That thrift's owners
included former Treasury Secretary William Simon and former Federal Reserve
Board Vice Chairman Preston Martin.
NetBank had reached a deal to sell its deposit accounts and other assets to
privately held EverBank of Jacksonville, Fla., but EverBank announced this
month that the deal fell through.
EverBank in July completed its acquisition of NetBank's mortgage servicing
business, and the FDIC said Friday that EverBank will purchase about $700
million in mortgage loans.
"Customers of NetBank should have confidence and security knowing that they
will have access to their insured funds in a timely and orderly manner,"
FDIC Chairman Sheila Bair said in a prepared statement.
The FDIC insures bank deposits of up to $100,000.
NetBank had $109 million in deposit accounts that exceeded the FDIC limit.
Those customers will become creditors in NetBank's receivership, the FDIC
said.
The FDIC has a toll-free number for customers affected by the failure:1-888-
256-6932.
AP Business Writer Marcy Gordon contributed to this report.
