![]() 2013 FDIC Insured Failed Banks |
Friday, August 9, 2013:
Bank of Wausau, Wausau, WI was closed by the Wisconsin Department of
Financial Institutions. The Federal
Deposit Insurance Corporation was named receiver.
Successor Bank: All deposit accounts, including brokered deposits, have been transferred to Nicolet National Bank, Green Bay, Wisconsin.
Nicolet National Bank
History: Est. in 1999 as Bank of Wausau
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Depositors must establish contact or the successor bank or the FDIC to
reclaim their deposits. ►
Not every depositor in a failed bank will receive notification from the
FDIC, and there are time limits on claims of FDIC-insured bank accounts,
CDs and safe deposit boxes. By law, accounts which go unclaimed for an
extended period may be time barred, and safe deposit boxes can be drilled
and the contents sold at auction. ► Additionally, accounts transferred to
successor institutions may have lower interest rates and can lose
insurance coverage. ► It is important to understand
you may have an account at a failed institution and not know it,
either because you were a depositor at a bank acquired by an institution
that subsequently failed, or if you or a deceased family member are the
beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search |
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Bank of
Wasau 2010 Stewart Avenue Wausau, WI |
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Established as Bank of Wausau |
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Cost to FDIC: $14 million |
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