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Bailout

: Calculated Risk

Bank Failure #17: Badger State Bank, Cassville, WI

By Anonymous

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Punxsutawney's kin
Badger State saw it's shadow
Now no early Spring.
by Soylent Green is People

From the FDIC: Royal Bank, Elroy, Wisconsin, Assumes All of the Deposits of Badger State Bank, Cassville, Wisconsin
As of December 31, 2010, Badger State Bank had approximately $83.8 million in total assets and $78.5 million in total deposits ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.5 million. .... Badger State Bank is the seventeenth FDIC-insured institution to fail in the nation this year, and the second in Wisconsin.
Three down today.

Full post as published by Calculated Risk on February 11, 2011 (boomark / email).

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