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IPFS News Link • Economy - Economics USA

US Federal Regulators Close NetBank

9-29-2007 • Dow Jones News

Federal regulators closed NetBank, a $2.5 billion thrift based in Georgia partly due to significant mortgage-related losses the company sustained in 2006 and 2007. NetBank marked the largest bank to fail since since the early 1990s, which marked the

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Reported By Powell Gammill

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US Federal Regulators Close NetBank

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