Bank failure · WI

First Banking Center (Burlington, WI) — failed November 19, 2010

First Banking Center of Burlington, Wisconsin was closed on November 19, 2010 and resolved through a purchase and assumption. First Michigan Bank (MI) took over its insured deposits. At failure it held $750.7M in assets and $664.8M in deposits. The FDIC's estimated loss on the failure is $86.1M (11.5% of assets).