BANKS OF WISCONSIN Failed 2013
What happened
BANKS OF WISCONSIN of KENOSHA, WI was closed on 2013-05-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NORTH SHORE BANK, FSB (BROOKFIELD, WI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4047
- FDIC Certificate
- 35386
- FDIC FIN
- 10478
- Bank name
- BANKS OF WISCONSIN
- Location
- KENOSHA, WI
- Failure date
- 2013-05-31
- FDIC resolution date
- 2013-05-31
- 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.)
- $22M
- Deposits at failure
- $128M
- Assets at failure
- $134M
- Acquiring bank
- NORTH SHORE BANK, FSB (BROOKFIELD, WI)
Other banks NORTH SHORE BANK, FSB acquired in FDIC resolutions