# FIRST BANKING CENTER

> **Failed bank** · BURLINGTON, WI · failed 2010-11-19 · State commercial bank, Federal Reserve member · FDIC cost $86M

## What happened

FIRST BANKING CENTER of BURLINGTON, WI was closed by state regulators on **2010-11-19**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST MICHIGAN BANK** (TROY, MI). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3880
- **FDIC Certificate:** 5287
- **FDIC FIN:** 10315
- **Bank name:** FIRST BANKING CENTER
- **Location:** BURLINGTON, WI
- **Failure date:** 2010-11-19
- **FDIC resolution date:** 2010-11-19
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $86M
- **Deposits at failure:** $665M
- **Assets at failure:** $751M
- **Acquiring bank:** FIRST MICHIGAN BANK (TROY, MI)

## Other banks FIRST MICHIGAN BANK has acquired in FDIC resolutions

- PEOPLES STATE BANK (HAMTRAMCK, MI) — failed 2011-02-11 — /failed-bank/3906
- CF BANCORP (PORT HURON, MI) — failed 2010-04-30 — /failed-bank/3794

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20BANKING%20CENTER

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST BANKING CENTER (FDIC ID 3880), failed 2010-11-19. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3880.

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