Data / Bank failures / 2011 / Evergreen State Bank
Evergreen State Bank, Stoughton, WI: failed January 28, 2011
Evergreen State Bank in Stoughton, Wisconsin, failed on January 28, 2011. McFarland State Bank of McFarland, WI, took over its deposits. It held $240.9 million in assets and $193.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $28.1 million (11.6% of its assets). By assets it was the 34th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- January 28, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- McFarland State Bank, McFarland, WI
- Total assets
- $240,949,000
- Total deposits
- $193,694,000
- Estimated cost to the FDIC
- $28,060,164 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 5328
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 |
| Badger State Bank | Cassville | February 11, 2011 | $83.8 million | $78.5 million | $19.5 million | Royal 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.