 On February 1, 2013 SNS Bank and its parent SNS REAAL were nationalized by the Dutch government to save it from default.In September 2016 it was announced that SNS Bank would be called De Volksbank as of 1 January 2017.De Volksbank has a single banking permit and continues to operate under multiple brand names, including SNS Bank, ASN Bank, BLG Wonen and RegioBank.