Bank Failure
Evergreen State Bank
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Closed January 28, 2011 · Stoughton, WI · FDIC Cert #5328.
- Closing date
- January 28, 2011
- Headquarters
- Stoughton, WI
- FDIC Certificate
- 5328
- Total assets at closing
- $240.9M
- Total deposits at closing
- $193.7M
- Estimated loss to the insurance fund
- $28.1M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- McFarland State Bank
Context
On January 28, 2011, regulators closed Evergreen State Bank, headquartered in Stoughton, WI. At closing, the institution held approximately $240.9M in assets and $193.7M in deposits. The FDIC record names McFarland State Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $28.1M.
By assets at closing this is the 663rd largest of the 3,526 bank failures in the FDIC record, and the 34th 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 Evergreen State Bank fail?
Evergreen State Bank was closed by regulators on January 28, 2011.
Who acquired Evergreen State Bank?
The FDIC record names McFarland State Bank as the acquiring institution in the resolution of Evergreen State Bank.
How big was Evergreen State Bank when it failed?
Evergreen State Bank had approximately $240.9M in total assets and $193.7M 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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