Bank failure · WA
American Marine Bank (Bainbridge Island, WA) — failed January 29, 2010
American Marine Bank of Bainbridge Island, Washington was closed on January 29, 2010 and resolved through a purchase and assumption. Columbia State Bank (WA) took over its insured deposits. At failure it held $329.2M in assets and $287.4M in deposits. The FDIC's estimated loss on the failure is $28.4M (8.6% of assets).
- Closing date
- January 29, 2010
- FDIC certificate #
- 16730
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Columbia State Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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