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Through September, FNBO Direct attracted 36,000 new accounts with total deposits of $1.5 billion, Mr. Johri estimated.
In exchange for the steep fees of Ohio State's BuckIDs, participating merchants are promised exposure to a pool of over 40,000 accounts with total deposits averaging on the order of $12 million.
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Also failing were: Bank of Elmwood in Racine, Wis., with $327.4 million in assets and $273.2 million in deposits; Riverview Community Bank, based in Otsego, Minn., with $108 million in assets and total deposits of about $80 million; and First Dupage Bank in Westmont, Ill., with $279 million in assets and total deposits of $254 million.
The other banks that failed were Hillcrest Bank Florida, also based in Naples, which had $83 million in assets and $84 million in deposits; Flagship National Bank in Bradenton, Fla., with total assets of $190 million and total deposits of about $175 million; and American United Bank in Lawrenceville, Ga., with $111 million in assets and $101 million in deposits.
Total deposits has been estimated at €60bn, with perhaps €20bn belonging to Russian depositors.
The level of non-resident deposits is heading for 50% of total deposits.
Broadway Bank's brokered deposits reached 80 percent of total deposits in 2006.
The bank's total deposits rose by 40% to Rs2.31trn.
IndyMac relied heavily on brokered deposits, which amounted to $6.8 billion or 37percentt of its total deposits last spring.
Total assets climbed 11%, while total deposits grew 7%.
With total assets of 1,402 billion yuan ($206.2 billion), total loans to customers of 893.5 billion yuan ($114.6 billion) and total deposits of 1,099.5 billion yuan ($141.0 billion), China Minsheng is the nation's seventh-largest lender.
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