 On 24 February 2011, the deposits of Irish Nationwide were sold to Irish Life and Permanent.The Building Society was consequently split between its deposit book and its loan book, which was to be merged with Anglo Irish Bank In June 2011, Irish Life and Permanent itself collapsed into full state ownership.Following a court order, on 1 July 2011 all of Irish Nationwide's remaining assets and liabilities (including the branch network) were transferred to Anglo Irish Bank with immediate effect.