Apparently West Virginia too far from Wall Street
The financial crisis claimed another victim Friday as federal regulators shut down Ameribank, a $104 million institution based in Northfork, W. Va.
The closure marks the 12th U.S. bank failure this year, The Wall Street Journal noted.
In a news release, the government's Office of Thrift Supervision said it had appointed the Federal Deposit Insurance Corporation as receiver.
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