Bank failure · WI

North Milwaukee State Bank (Milwaukee, WI) — failed March 11, 2016

North Milwaukee State Bank of Milwaukee, Wisconsin was closed on March 11, 2016 and resolved through a purchase and assumption. First-Citizens Bank & Trust Company (NC) took over its insured deposits. At failure it held $67.1M in assets and $61.5M in deposits. The FDIC's estimated loss on the failure is $11.8M (17.5% of assets).