First Banking Center
Burlington, WI · Owner: First Banking Center Inc
$751M
total assets, September 30, 2010
$751M
total assets, September 30, 2010
First Banking Center was a state member bank in Burlington, WI, owned by First Banking Center Inc. It failed on Nov 19, 2010, and First Michigan Bank took over its deposits. At its last report it held $750.7 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2010
This bank failed
- Failed on
- Nov 19, 2010
- Assets
- $751M
- Deposits
- $665M
- Estimated cost
- $86.1M
- Deposits went to
- First Michigan Bank, Troy, MI
Total assets
$751M
-20.2% in a year · -8.6% in a quarter
Deposits
$665M
-15.4% in a year · -7.1% in a quarter
Loans
$558M
-15.5% in a year · -4.2% in a quarter
Profit so far
-$27.8M
Jan 1 to Sep 30, 2010
Capital ratio
1.60%
-3.96 pts in a year
Return on assets
-4.42%
-2.18 pts in a year
Facts
- Type
- State member bank
- Head office
- 400 Milwaukee Avenue, Burlington, WI, 53105
- County
- Racine
- Holding company
- First Banking Center Inc
- Established
- Jun 20, 1920
- Failed
- Nov 19, 2010
- Employees
- 190
- Branches
- 16
- Id
- b5287
Quarter by quarter
March 31, 1984 to September 30, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Banking Center?
$750.7 million in total assets and $664.8 million in deposits as of September 30, 2010, with assets down 20.2% from a year before. Its loans were $558.4 million.
How many branches does First Banking Center have?
16 branches in Wisconsin as of June 30, 2026.
Is First Banking Center profitable?
No: it lost $27.8 million from January 1 to September 30, 2010. Its return on assets was -4.42% a year; about 1% is typical.
Who owns First Banking Center?
First Banking Center is owned by First Banking Center Inc, its holding company.
When did First Banking Center fail?
Nov 19, 2010. First Michigan Bank of Troy, MI took over its deposits. The estimated cost of the failure was $86.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.