Friday, August 09, 2013

Bank Failure #18 in 2013: Bank of Wausau, Wausau, Wisconsin

by Calculated Risk on 8/09/2013 06:14:00 PM

From the FDIC: Nicolet National Bank, Green Bay, Wisconsin, Assumes All of the Deposits of Bank of Wausau, Wausau, Wisconsin

As of June 30, 2013, Bank of Wausau had approximately $43.6 million in total assets and $40.7 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $13.5 million. ... Bank of Wausau is the 18th FDIC-insured institution to fail in the nation this year, and the second in Wisconsin.
It is Friday!