Banks of
Wisconsin of Kenosha, Wisconsin was closed today by regulators. The bank, which operated under the name Bank
of Kenosha had approximately $127.6 million in total deposits which were assumed by North Shore Bank, FSB (2302nd) of Brookfield, Wisconsin. In addition North Shore Bank agreed to acquire about 97.4 million of the failed
bank's $134.0
million in total assets. The FDIC estimates the cost to the Deposit Insurance Fund (DIF)
will be $26.3 million.
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