EVERGREEN STATE BANK Failed 2011

STOUGHTON, WI · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

EVERGREEN STATE BANK of STOUGHTON, WI was closed on 2011-01-28. The FDIC was named receiver.

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

Deposits were transferred to MCFARLAND STATE BANK (MCFARLAND, WI). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3899
FDIC Certificate
5328
FDIC FIN
10332
Bank name
EVERGREEN STATE BANK
Location
STOUGHTON, WI
Failure date
2011-01-28
FDIC resolution date
2011-01-28
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$28M
Deposits at failure
$194M
Assets at failure
$241M
Acquiring bank
MCFARLAND STATE BANK (MCFARLAND, WI)