OCC Appoints Receiver for Integra Bank, N.A.

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for Integra Bank, National Association, Evansville, Indiana.  As of March 31, 2011, the bank had approximately $2.2 billion of total assets.

The OCC acted after finding that the bank had experienced substantial dissipation of assets due to unsafe or unsound practices.  The OCC also found that the bank incurred losses that depleted its capital and there is no reasonable prospect that the bank will become adequately capitalized without federal assistance.

Information about the FDIC’s resolution of the bank will be released by the FDIC.