Bank failure · WA
Bank of Whitman (Colfax, WA) — failed August 5, 2011
Bank of Whitman of Colfax, Washington was closed on August 5, 2011 and resolved through a purchase and assumption. Columbia State Bank (WA) took over its insured deposits. At failure it held $548.6M in assets and $515.7M in deposits. The FDIC's estimated loss on the failure is $100.9M (18.4% of assets).
- Closing date
- August 5, 2011
- FDIC certificate #
- 22528
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Columbia State Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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