Algoma Bank Overview
Algoma Bank, founded in January 1, 1917, is currently an active FDIC insured bank. The chartering agency for Algoma Bank is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Algoma Bank has an FDIC insurance membership with the BIF - Bank Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).
Algoma Bank is assigned uner the Chicago Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on January 15, 1934.
Address Location and Maps for Algoma Bank
| Bank Name | Algoma Bank | |
| Address | 205 Clark Street Algoma, WI 54201 |
|
| County: | Kewaunee | |
| Bank’s State: | Wisconsin | |
| Website: | Unknown |
Algoma Bank Detailed Information
| FDIC Certificate ID | 15154 |
| Bank Institution Name | Algoma Bank |
| Is the Bank Active? | Active |
| Office of Thrift Supervision Docket ID | Not an OTS Member |
| Total Assets | $5,639,000 |
| Total Deposits | $4,607,000 |
| Regulator | Federal Deposit Insurance Corporation (FDIC) |
| Bank Charter Class | NM - Commercial Bank. Bank is supervised by the Federal Deposit Insurance Corporation (FDIC). State charter and Fed non-member |
| FDIC Bank’s Chartering Agency | State |
| Bank is FDIC Insured | Yes, FDIC insured bank is a member of the Bank Insurance Fund |
| Bank Insurance Fund | BIF - Bank Insurance Fund |
| Date of Deposit Insurance | January 15, 1934 |
| Change Code | 211 |
| Change Code Description | Absorption - FDIC Insured Bank Assisted |
| OCC Bank Charter Number | No FDIC Bank Charter Number |
| Conservatorship | FDIC insured bank is not being operated by government conservatorship. |
| Inactive Bank that used to be FDIC insured? | Yes |
| Credit Card Institution | No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold. |
| Insured Commercial Banks | Yes |
| FDIC Supervisory Region | Chicago |
| Insured Savings Institution | No, Bank is not Savings Association Insurance Fund (SAIF) insured |
| State Charter | Yes |
| County | Kewaunee |
| Office of Thrift Supervision Region | Central |
| Assigned Federal Reserve District | Chicago |
| Oakar Institutions | No |
| FDIC Field Office | 0 |
| Insured offices of foreign banks | 0 |
Algoma Bank is insured by the Federal Deposit Insurance Corporation (FDIC)