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Bank failure · WI

Banks of Wisconsin (Kenosha, WI) — failed May 31, 2013

Banks of Wisconsin of Kenosha, Wisconsin was closed on May 31, 2013 and resolved through a purchase and assumption. North Shore Bank, FSB (WI) took over its insured deposits. At failure it held $134.0M in assets and $127.6M in deposits. The FDIC's estimated loss on the failure is $22.5M (16.8% of assets).

Closing date
May 31, 2013
FDIC certificate #
35386
Resolution
Purchase and assumption (failure)
Acquiring institution
North Shore Bank, FSB
Insurance fund
DIF
Pre-failure filings
Last reported financials

Other failures in 2013

What happens when a bank fails