Using cutting edge research, this blog predicts and comments on the probability of failure for the nearly 7000 regulated banks monitored by the Federal Reserve. While most depositors may be protected by the FDIC, the importance of bank survival is still very important to bank clientele with lines of credit, mortgages, loans or other forms of financing. We seek to inform people that they might be at risk.
Friday, August 9, 2013
24th-Ranked Bank of Wausau Fails
This week the 24th-ranked Bank of Wausau in Wausau, Wisconsin was closed by state regulators. Nicolet National
Bank (2514th) of Green Bay, Wisconsin agreed to assume all of the approximately $40.7 million in total deposits. In addition, they
agreed to purchase approximately $29.9 million of the failed bank's $43.6 million in total
assets. The FDIC will retain the remaining assets for later
disposition. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF)
will be $13.5 million.
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