# NORTH MILWAUKEE STATE BANK

> **Failed bank** · MILWAUKEE, WI · failed 2016-03-11 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $12M

## What happened

NORTH MILWAUKEE STATE BANK of MILWAUKEE, WI was closed by regulators on **2016-03-11**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST-CITIZENS BANK & TRUST COMPANY** (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 4084
- **FDIC Certificate:** 20364
- **FDIC FIN:** 10518
- **Bank name:** NORTH MILWAUKEE STATE BANK
- **Location:** MILWAUKEE, WI
- **Failure date:** 2016-03-11
- **FDIC resolution date:** 2016-03-11
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $61M
- **Assets at failure:** $67M
- **Acquiring bank:** FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC)

## Other banks FIRST-CITIZENS BANK & TRUST COMPANY has acquired in FDIC resolutions

- SILICON VALLEY BANK (SANTA CLARA, CA) — failed 2023-03-10 — /failed-bank/4105
- GUARANTY BANK (MILWAUKEE, WI) — failed 2017-05-05 — /failed-bank/4093
- HARVEST COMMUNITY BANK (PENNSVILLE, NJ) — failed 2017-01-13 — /failed-bank/4089
- FIRST CORNERSTONE BANK (KING OF PRUSSIA, PA) — failed 2016-05-06 — /failed-bank/4086
- CAPITOL CITY BANK & TRUST COMPANY (ATLANTA, GA) — failed 2015-02-13 — /failed-bank/4078
- COLORADO CAPITAL BANK (CASTLE ROCK, CO) — failed 2011-07-08 — /failed-bank/3940
- FIRST REGIONAL BANK (LOS ANGELES, CA) — failed 2010-01-29 — /failed-bank/3748
- VENTURE BANK (LACEY, WA) — failed 2009-09-11 — /failed-bank/3684

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NORTH MILWAUKEE STATE BANK (FDIC ID 4084), failed 2016-03-11. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/4084.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*