CIB Marine Bancshares, Inc. (CIB Marine) is a one-bank holding company. CIB Marine owned and operated CIBM Bank. CIBM Bank offers an array of traditional banking services. These services include a range of loan products, such as commercial loans, commercial real estate loans, commercial and residential construction loans, one-to four-family residential real estate loans, consumer loans, and commercial and standby letters of credit; accepting demand, savings and time deposits, providing commercial paper and repurchase agreements, and providing other banking services. On September 16, 2009, the Company filed a pre-packaged Plan of Reorganization (the Plan) in the United States Bankruptcy Court (Bankruptcy Court) for the Eastern District of Wisconsin (Case No. 09-33318) under Chapter 11 of the United States Bankruptcy Code (the Bankruptcy Code). In January 2010, the Company emerged from its pre-packaged plan of reorganization under Chapter 11 of the bankruptcy code.
