Bank failure · WA
Evergreen Bank (Seattle, WA) — failed January 22, 2010
Evergreen Bank of Seattle, Washington was closed on January 22, 2010 and resolved through a purchase and assumption. Umpqua Bank (OR) took over its insured deposits. At failure it held $396.0M in assets and $340.4M in deposits. The FDIC's estimated loss on the failure is $43.4M (11.0% of assets).
- Closing date
- January 22, 2010
- FDIC certificate #
- 20501
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Umpqua Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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