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Sunday, September 20, 2009

Ameribank -12th Bank Failure This Year

Regulators shut down a 102-year-old West Virginia bank on Friday and sold all deposits to Pioneer Community Bank Inc. of Iaeger, W.V. and The Citizens Savings Bank of Martins Ferry, Ohio.The closure of Northfork, W.V.-based Ameribank Inc. was the 12th U.S. bank failure this year, making it the latest victim of the nation's worst banking crisis.

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