Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
Wisconsin Bank Closing Is 14th This Year
WASHINGTON (6/4/13)--The Federal Deposit Insurance Corp. announced one bank closing Friday, which brings this year's total of failed U.S. banks to 14.

In comparison, the National Credit Union Administration has closed nine credit unions so far this year.

Banks of Wisconsin, Kenosha, Wis., was closed and will be assumed by North Shore Bank, FSB,  Brookfield, Wis., the FDIC said.

Banks of Wisconsin had $134 million in total assets and $127.6 million in total deposits as of March 31. The FDIC estimates the cost of the closure to its Deposit Insurance Fund will be $26.3 million.


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
18 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
20 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
21 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
22 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
22 hours ago