Bank Failure
Bank of Wausau
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Closed August 9, 2013 · Wausau, WI · FDIC Cert #35016.
- Closing date
- August 9, 2013
- Headquarters
- Wausau, WI
- FDIC Certificate
- 35016
- Total assets at closing
- $43.6M
- Total deposits at closing
- $40.7M
- Estimated loss to the insurance fund
- $13.4M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Nicolet National Bank
Context
On August 9, 2013, regulators closed Bank of Wausau, headquartered in Wausau, WI. At closing, the institution held approximately $43.6M in assets and $40.7M in deposits. The FDIC record names Nicolet National Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $13.4M.
By assets at closing this is the 1755th largest of the 3,526 bank failures in the FDIC record, and the 17th of 24 in 2013. 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 Bank of Wausau fail?
Bank of Wausau was closed by regulators on August 9, 2013.
Who acquired Bank of Wausau?
The FDIC record names Nicolet National Bank as the acquiring institution in the resolution of Bank of Wausau.
How big was Bank of Wausau when it failed?
Bank of Wausau had approximately $43.6M in total assets and $40.7M in deposits at the time of failure.
Other failures in 2013
| Date | Bank | Assets |
|---|---|---|
| Dec 13, 2013 | Texas Community Bank, N.A. | $159.3M |
| Oct 30, 2013 | Bank of Jackson County | $24.7M |
| Sep 13, 2013 | First National Bank | $3.09B |
| Sep 13, 2013 | The Community's Bank | $26.4M |
| Aug 23, 2013 | Community South Bank | $386.9M |
| Aug 23, 2013 | Sunrise Bank of Arizona | $202.2M |
| Aug 2, 2013 | First Community Bank of Southwest Florida | $247.3M |
| Jun 7, 2013 | Mountain National Bank | $437.3M |
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