On 24 August 2008 , the National Bank officially stated that , together with the Private Contingency Body for Settlement of needy banks , savings and cooperative societies , it had taken over the bank .
National Bank was insolvent and could not find a buyer .
On 24 August 2008 , the National Bank officially stated that , together with the Private Contingency Body for Settlement of needy banks , savings and cooperative societies , it had taken over the bank because it was insolvent and could not find a buyer .