Bank Failure
Badger State Bank
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Closed February 11, 2011 · Cassville, WI · FDIC Cert #13272.
- Closing date
- February 11, 2011
- Headquarters
- Cassville, WI
- FDIC Certificate
- 13272
- Total assets at closing
- $83.8M
- Total deposits at closing
- $78.5M
- Estimated loss to the insurance fund
- $19.5M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Royal Bank
Context
On February 11, 2011, regulators closed Badger State Bank, headquartered in Cassville, WI. At closing, the institution held approximately $83.8M in assets and $78.5M in deposits. The FDIC record names Royal Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $19.5M.
By assets at closing this is the 1306th largest of the 3,526 bank failures in the FDIC record, and the 81st of 92 in 2011. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Badger State Bank fail?
Badger State Bank was closed by regulators on February 11, 2011.
Who acquired Badger State Bank?
The FDIC record names Royal Bank as the acquiring institution in the resolution of Badger State Bank.
How big was Badger State Bank when it failed?
Badger State Bank had approximately $83.8M in total assets and $78.5M in deposits at the time of failure.
Other failures in 2011
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
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