Bank failure · WA

First Heritage Bank (Snohomish, WA) — failed May 27, 2011

First Heritage Bank of Snohomish, Washington was closed on May 27, 2011 and resolved through a purchase and assumption. Columbia State Bank (WA) took over its insured deposits. At failure it held $173.5M in assets and $163.3M in deposits. The FDIC's estimated loss on the failure is $33.6M (19.4% of assets).