Sunday, June 2, 2013

This Week in Bank Failures

Failures tonight:

  • Banks of Wisconsin, operating as Bank of Kenosha, Kenosha, Wisconsin, 2 locations, $128 million in deposits. North Shore Bank is assuming the deposits and purchasing about 3/4 of the assets.
  • First Kingdom Community Credit Union, Selma, Alabama. It had been in conservatorship for the last two weeks. Member accounts have been transferred to Riverdale Credit Union.
  • NCP Community Development Federal Credit Union, Norfolk, Virginia. Member accounts have been transferred to Chartway Federal Credit Union.