Bank Failure
Banks of Wisconsin
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Closed May 31, 2013 · Kenosha, WI · FDIC Cert #35386.
- Closing date
- May 31, 2013
- Headquarters
- Kenosha, WI
- FDIC Certificate
- 35386
- Total assets at closing
- $134.0M
- Total deposits at closing
- $127.6M
- Estimated loss to the insurance fund
- $22.5M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- North Shore Bank, FSB
Context
On May 31, 2013, regulators closed Banks of Wisconsin, headquartered in Kenosha, WI. At closing, the institution held approximately $134.0M in assets and $127.6M in deposits. The FDIC record names North Shore Bank, FSB as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $22.5M.
By assets at closing this is the 1021st largest of the 3,526 bank failures in the FDIC record, and the 9th 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 Banks of Wisconsin fail?
Banks of Wisconsin was closed by regulators on May 31, 2013.
Who acquired Banks of Wisconsin?
The FDIC record names North Shore Bank, FSB as the acquiring institution in the resolution of Banks of Wisconsin.
How big was Banks of Wisconsin when it failed?
Banks of Wisconsin had approximately $134.0M in total assets and $127.6M 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 9, 2013 | Bank of Wausau | $43.6M |
| Aug 2, 2013 | First Community Bank of Southwest Florida | $247.3M |
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