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November 19, 2010:
First Banking Center, Burlington, WI was closed by the State of Wisconsin
Department of Financial Institutions
The Federal Deposit Insurance Corporation was named receiver.
Successor Bank: All deposit accounts, excluding the Cede & Co. deposits, have been transferred to First Michigan Bank, Troy, Michigan. First Michigan Bank History:
Established in 1920 as First National Bank And
Trust Company ►
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 or safe deposit box go to: Unclaimed Savings Account Locator
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2010 FDIC Insured Failed Banks | |
First Banking
Center 400 Milwaukee Avenue Burlington, WI 53105 |
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Established |
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Cost to FDIC: $143 million | |
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© 2014 NUPA - NATIONAL UNCLAIMED PROPERTY ASSOCIATES |