Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Bank Failures

Failed Bank Information for North Milwaukee State Bank, Milwaukee, WI

On Friday, March 11, 2016, North Milwaukee State Bank was closed by the Wisconsin Department of Financial Institutions. The FDIC was named Receiver. First-Citizens Bank & Trust Company, Raleigh, NC acquired all deposit accounts.

The FDIC as Receiver for North Milwaukee State Bank, Milwaukee, WI has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on December 19, 2019 and has made all dividend distributions required by law.

Effective May 1, 2020, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

Icon for Notice of Termination

Notice of Termination

Effective Date: May 1, 2020
Icon for Notice of Intent to Terminate

Notice of Intent to Terminate

Publication Date: December 19, 2019
Icon for Dividend Information

Dividend Information

Report on dividends paid
Icon for Press Release

Press Release

Official press release

Beware of scams!


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: FIRST-CITIZENS BANK & TRUST COMPANY

About First-Citizens Bank & Trust Company

All deposit accounts, excluding certain brokered deposits, were transferred to First-Citizens Bank & Trust Company, Raleigh, NC ("assuming institution"). Former North Milwaukee State Bank locations reopened as branches of First-Citizens Bank & Trust Company.

Your transferred deposits were separately insured from any accounts you may have already had at First-Citizens Bank & Trust Company for at least six months after the failure of North Milwaukee State Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with First-Citizens Bank & Trust Company as long as the deposits are not pledged as collateral for loans.

Contacting First-Citizens Bank & Trust Company

You can contact First-Citizens Bank & Trust Company:

First-Citizens Bank & Trust Company
239 Fayetteville Street
Raleigh, NC 27601

First-Citizens Bank & Trust Company (www.firstcitizens.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (28.8 Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: May 9, 2024