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Money and Markets: Investing Insights

Biz Beat: Nearly 100 state banks on "troubled" list

This is not a warning to race down to your local bank and take out all your money. Remember: deposits are insured by the FDIC up to $250,000.

But an independent ratings firm has put 97 Wisconsin banks and thrifts on a national list of institutions in serious financial difficulty or in danger of failing.

The newest list from Weiss Ratings includes the state’s largest banks Associated Bank of Green Bay and M&I Bank of Milwaukee, along with Johnson Bank of Racine and Madison’s AnchorBank.

Other Dane County institutions on the list include Home Savings Bank of Madison, Black Earth State Bank, Evergreen State Bank of Stoughton, Oregon Community Bank & Trust and the State Bank of Cross Plains.

To read the full article, click here …

Previous post: Home prices fall 3% in early 2010

Next post: Is Your Bank on the Ropes?

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