Bank failure · WI

The American Bank (Alma, WI) — failed June 20, 1986

The American Bank of Alma, Wisconsin was closed on June 20, 1986 and resolved through a insured deposit transfer. Bank of Alma (WI) took over its insured deposits. At failure it held $40.0M in assets and $36.2M in deposits. The FDIC's estimated loss on the failure is $3.3M (8.1% of assets).