Bank failure · WA

Eastern Washington S&la (Wenatchee, WA) — failed December 14, 1988

Eastern Washington S&la of Wenatchee, Washington was closed on December 14, 1988 and resolved through a a/a. First W Fs&la of Wenatchee (WA) took over its insured deposits. At failure it held $51.5M in assets and $32.3M in deposits. The FDIC's estimated loss on the failure is $1.1M (2.1% of assets).