Wisconsin Banking Update
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FDIC Investigating Failed Bank of Elmwood
Posted on October 4th, 2010 No comments“The Bank of Elmwood caused its own failure by years of misguided and mismanaged growth and lending, according to an inspector general’s highly critical report,” began a story in the Racine Journal Times. The FDIC, after losing $90.6 million from the Bank of Elmwood’s failure, is investigating, according to another article.Leave a reply