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Bank Failures

Failed Bank Information for Maritime Savings Bank, West Allis, WI

On Friday, September 17, 2010, Maritime Savings Bank was closed by the Office of Thrift Supervision (OTS). The FDIC was named Receiver. North Shore Bank, FSB, Brookfield, WI acquired all deposit accounts.

The FDIC as Receiver for Maritime Savings Bank, West Allis, WI has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 8, 2022 and has made all dividend distributions required by law.

Effective April 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: April 1, 2023
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Notice of Intent to Terminate

Publication Date: August 11, 2022
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Dividend Information

Report on dividends paid
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Press Release

Official press release

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Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: North Shore Bank, FSB

About North Shore Bank, FSB

All deposit accounts, excluding Cede & Co. deposits, were transferred to North Shore Bank, FSB, Brookfield, WI ("assuming institution"). Former Maritime Savings Bank locations reopened as branches of North Shore Bank, FSB.

Your transferred deposits were separately insured from any accounts you may have already had at North Shore Bank, FSB for at least six months after the failure of Maritime Savings Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with North Shore Bank, FSB as long as the deposits are not pledged as collateral for loans.

Contacting North Shore Bank, FSB

On 09/23/2022, North Shore Bank, FSB has changed its legal name and is currently doing business as North Shore Bank.

You can contact North Shore Bank:

North Shore Bank
15700 W Bluemound Rd
Brookfield, WI 53005

North Shore Bank (www.northshorebank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (3Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: April 10, 2023