OCC Closes The First National Bank of Blanchardville and Appoints FDIC Receiver

WASHINGTON — The First National Bank of Blanchardville, Blanchardville, Wisconsin, was closed today by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation was appointed receiver. 

The OCC acted after finding that the Bank, which had assets of approximately $29 million, was unlikely to be able to pay its obligations or meet depositor demands. 

The FDIC will release information about the resolution of the Bank.