WASHINGTON (8/13/13)--One bank closed Friday, which brings this year's total of failed U.S banks to 18, the Federal Deposit Insurance Corp. announced Friday.
Bank of Wausau (Wis.) was closed and assumed by Nicolet National Bank, Green Bay, Wis. The cost to the Deposit Insurance Fund will be $13.5 million, FDIC estimated.
As of June 30, Bank of Wausau had roughly $43.6 million in total assets and $40.7 million in total deposits.
So far in 2013, the National Credit Union Administration has closed eight credit unions.