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.