by Calculated Risk on 5/31/2013 06:37:00 PM
Friday, May 31, 2013
Bank Failure #14 in 2013: Banks of Wisconsin, Kenosha, Wisconsin
From the FDIC: North Shore Bank, FSB, Brookfield, Wisconsin, Assumes All of the Deposits of Banks of Wisconsin, Kenosha, Wisconsin
As of March 31, 2012, Banks of Wisconsin had approximately $134.0 million in total assets and $127.6 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $26.3 million. ... Banks of Wisconsin is the 14th FDIC-insured institution to fail in the nation this year, and the first in Wisconsin.The FDIC has slowed down on closing banks, but they are still on pace to close 30+ banks this year.