Bank failure · WA

Emerald City Bank (Seattle, WA) — failed July 2, 1993

Emerald City Bank of Seattle, Washington was closed on July 2, 1993 and resolved through a purchase and assumption (insured deposits). Key Bank of Washington (WA) took over its insured deposits. At failure it held $7.8M in assets and $7.2M in deposits. The FDIC's estimated loss on the failure is $1.1M (13.4% of assets).