Fis closed: Integra Bank National Association, Evansville, Indiana, USA
On Friday, July 29, 2011, Integra Bank National Association (N.A.), Evansville, IN was closed by the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
The 52 branches of Integra Bank, National Association reopened during their normal business hours as branches of Old National Bank. Depositors of Integra Bank, National Association will automatically become depositors of Old National Bank.
As of March 31, 2011, Integra Bank, National Association had approximately $2,200 million in total assets and $1,900 million in total deposits.
Old National Bank will pay the FDIC a premium of 1.0 percent to assume all of the deposits of Integra Bank, National Association.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $170.7 million.
Integra Bank, National Association is the 61st FDIC-insured institution to fail in the USA this year, and the first in Indiana.
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