# BANK OF ELMWOOD

> **Failed bank** · RACINE, WI · failed 2009-10-23 · State commercial bank, Federal Reserve member · FDIC cost $99M

## What happened

BANK OF ELMWOOD of RACINE, WI was closed by state regulators on **2009-10-23**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **TRI CITY NATIONAL BANK** (OAK CREEK, WI). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3693
- **FDIC Certificate:** 18321
- **FDIC FIN:** 10132
- **Bank name:** BANK OF ELMWOOD
- **Location:** RACINE, WI
- **Failure date:** 2009-10-23
- **FDIC resolution date:** 2009-10-23
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $99M
- **Deposits at failure:** $273M
- **Assets at failure:** $327M
- **Acquiring bank:** TRI CITY NATIONAL BANK (OAK CREEK, WI)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20ELMWOOD

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF ELMWOOD (FDIC ID 3693), failed 2009-10-23. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3693.

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