Data / Bank failures / 2011 / Badger State Bank
Badger State Bank, Cassville, WI: failed February 11, 2011
Badger State Bank in Cassville, Wisconsin, failed on February 11, 2011. Royal Bank of Elroy, WI, took over its deposits. It held $83.8 million in assets and $78.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $19.5 million (23.2% of its assets). By assets it was the 81st largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- February 11, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Royal Bank, Elroy, WI
- Total assets
- $83,828,000
- Total deposits
- $78,549,000
- Estimated cost to the FDIC
- $19,454,212 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 13272
Other bank failures in Wisconsin, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Wausau | Wausau | August 9, 2013 | $43.6 million | $40.7 million | $13.4 million | Nicolet National Bank |
| Banks of Wisconsin | Kenosha | May 31, 2013 | $134 million | $127.6 million | $22.5 million | North Shore Bank, FSB |
| Legacy Bank | Milwaukee | March 11, 2011 | $190.4 million | $183.3 million | $73.7 million | Seaway Bank and Trust Company |
| Evergreen State Bank | Stoughton | January 28, 2011 | $240.9 million | $193.7 million | $28.1 million | McFarland State Bank |
| First Banking Center | Burlington | November 19, 2010 | $750.7 million | $664.8 million | $86.1 million | First Michigan Bank |
| Maritime Savings Bank | West Allis | September 17, 2010 | $350.5 million | $248.1 million | $88.4 million | North Shore Bank, FSB |
| Bank of Elmwood | Racine | October 23, 2009 | $327.4 million | $272.8 million | $99.5 million | Tri City National Bank |
All bank failures in 2011 · All bank failures in Wisconsin · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.