This effectively means that the bank ceases to be a cooperative.
The bank failed and ceased operations on September 3, 1985.
The assets of both, however, were seized during the war and the two banks had ceased to exist.
Eleven thousand banks ceased to exist, taking the savings of some ten million depositors into the ether with them.
With gold being hoarded, in December 1861, banks, and subsequently the Treasury, ceased to pay out gold at face value.
The bank ceased issuing in 1940.
It is thought that those losses may have triggered a tightening of the credit crunch as banks ceased to lend to one another.
Several banks ceased operations in the country.
According to the government the bank "would have ceased to exist" within a few weeks if there had not been intervention.
He departed the city a few years thereafter when the bank ceased operations.