$104M
total assets, June 30, 2008
Ameribank, Inc. was a savings bank in Welch, WV. It failed on Sep 19, 2008, and The Citizens Savings Bank took over its deposits. At its last report it held $104.0 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2008
This bank failed
- Failed on
- Sep 19, 2008
- Assets
- $104M
- Deposits
- $101M
- Estimated cost
- $38.3M
- Deposits went to
- The Citizens Savings Bank, Martins Ferry, OH
Total assets
$104M
-34.2% in a year · -9.5% in a quarter
Deposits
$101M
-24.6% in a year · -4.9% in a quarter
Loans
$79.9M
-44.9% in a year · -16.9% in a quarter
Profit so far
-$6.9M
Jan 1 to Jun 30, 2008 · -1098.6% in a year
Capital ratio
2.14%
-9.15 pts in a year
Return on assets
-11.65%
-12.49 pts in a year
Facts
- Type
- Savings bank
- Head office
- 70 Mcdowell Street, Welch, WV, 24801
- County
- Mcdowell
- Established
- Jan 1, 1906
- Failed
- Sep 19, 2008
- Employees
- 63
- Branches
- 9 in 3 states
- Id
- b6782
Quarter by quarter
March 31, 1984 to June 30, 2008
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Ameribank, Inc.?
$104.0 million in total assets and $100.9 million in deposits as of June 30, 2008, with assets down 34.2% from a year before. Its loans were $79.9 million.
How many branches does Ameribank, Inc. have?
9 branches in 3 states as of June 30, 2026.
Is Ameribank, Inc. profitable?
No: it lost $6.89 million from January 1 to June 30, 2008. Its return on assets was -11.65% a year; about 1% is typical.
When did Ameribank, Inc. fail?
Sep 19, 2008. The Citizens Savings Bank of Martins Ferry, OH took over its deposits. The estimated cost of the failure was $38.3 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.