The First National Bank of Eagle River Eagle River Wisconsin

 

Not sure why they are not closed, they are bankrupt

 

The First National Bank of Eagle River, Eagle River Wisconsin was founded in 1921.  The company is on the problem bank list.

Assets are $146MM and equity is $13MM.

The problem loan portfolio is $12MM.

That is not a great scenario, when the problem loans are equal to your equity.

Tom Ellis is the CEO.  It is looking like he’s got some problems.

This place could soon be getting washed down the eagle river.

Do you have money in this bankrupt bank?

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