Bank failure · WA
City Bank (Lynnwood, WA) — failed April 16, 2010
City Bank of Lynnwood, Washington was closed on April 16, 2010 and resolved through a purchase and assumption. Whidbey Island Bank (WA) took over its insured deposits. At failure it held $981.9M in assets and $919.6M in deposits. The FDIC's estimated loss on the failure is $155.0M (15.8% of assets).
- Closing date
- April 16, 2010
- FDIC certificate #
- 21521
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Whidbey Island Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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