by Calculated Risk on 9/17/2010 07:05:00 PM

A ship well off course
Bankers wailing sea chanties
While the sea consumes
by Soylent Green is People
From the FDIC: North Shore Bank, FSB, Brookfield, Wisconsin, Assumes All of the Deposits of Maritime Savings Bank, West Allis, Wisconsin

As of June 30, 2010, Maritime Savings Bank had approximately $350.5 million in total assets and $248.1 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $83.6 million. ... Maritime Savings Bank is the 125th FDIC-insured institution to fail in the nation this year, and the first in Wisconsin.