Legacy Bank
Milwaukee, WI · Owner: Legacy Bcorp Inc
$190M
total assets, December 31, 2010
$190M
total assets, December 31, 2010
Legacy Bank was a state member bank in Milwaukee, WI, owned by Legacy Bcorp Inc. It failed on Mar 11, 2011, and Seaway Bank And Trust Company took over its deposits. At its last report it held $190.4 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2010
This bank failed
- Failed on
- Mar 11, 2011
- Assets
- $190M
- Deposits
- $183M
- Estimated cost
- $73.7M
- Deposits went to
- Seaway Bank And Trust Company, Chicago, IL
Total assets
$190M
-15.1% in a year · -7.3% in a quarter
Deposits
$183M
-11.6% in a year · -7.5% in a quarter
Loans
$158M
-8.3% in a year · -2.4% in a quarter
Profit so far
-$9.3M
Jan 1 to Dec 31, 2010
Capital ratio
0.65%
-3.54 pts in a year
Return on assets
-4.32%
+2.27 pts in a year
Facts
- Type
- State member bank
- Head office
- 2102 West Fond Du Lac, Milwaukee, WI, 53206
- County
- Milwaukee
- Holding company
- Legacy Bcorp Inc
- Established
- Jul 29, 1999
- Failed
- Mar 11, 2011
- Employees
- 37
- Branches
- 1
- Id
- b34818
Quarter by quarter
September 30, 1999 to December 31, 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 Legacy Bank?
$190.4 million in total assets and $183.3 million in deposits as of December 31, 2010, with assets down 15.1% from a year before. Its loans were $157.9 million.
How many branches does Legacy Bank have?
1 branch in Wisconsin as of June 30, 2026.
Is Legacy Bank profitable?
No: it lost $9.28 million from January 1 to December 31, 2010. Its return on assets was -4.32% a year; about 1% is typical.
Who owns Legacy Bank?
Legacy Bank is owned by Legacy Bcorp Inc, its holding company.
When did Legacy Bank fail?
Mar 11, 2011. Seaway Bank And Trust Company of Chicago, IL took over its deposits. The estimated cost of the failure was $73.7 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.