Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
On Friday, October 23, 2009, Bank of Elmwood, Racine, WI was
closed by the State of Wisconsin Department of Financial Institutions, and the Federal Deposit Insurance Corporation(FDIC) was named Receiver. As Receiver, the FDIC is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends to approved creditors in order of priority.
The FDIC, as Receiver, has taken all necessary actions to conclude the affairs of the failed financial institution, made all dividend distributions as required by law and the receivership is deemed terminated.
The FDIC has issued a press release
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact
David Barr at 1-202-898-6992.
All deposit accounts, excluding certain brokered deposits, have been transferred
to Tri City National Bank, Oak Creek, WI ("assuming
institution") and will be available immediately. On Saturday,
October 24, 2009, the former Bank of Elmwood locations will
reopen as branches of Tri City National Bank.
Your transferred deposits will be separately insured from any accounts
you may already have at Tri City National Bank for six
months after the failure of Bank of Elmwood. Checks
that were drawn on Bank of Elmwood that did not
clear before the institution closed will be honored as long as there are
sufficient funds in the account. If you have questions about your account(s) transferred to the assuming bank,
you may speak to an FDIC representative by calling 1-800-234-9027.
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.
You may withdraw your funds from any transferred
account without an early withdrawal penalty until you enter into a new deposit
agreement with Tri City National Bank as long as
the deposits are not pledged as collateral for loans. You may view more
information about Tri City National Bank by visiting their web site.