Bank failure · WA
Frontier Bank (Everett, WA) — failed April 30, 2010
Frontier Bank of Everett, Washington was closed on April 30, 2010 and resolved through a purchase and assumption. Union Bank, National Association (CA) took over its insured deposits. At failure it held $3.3B in assets and $2.8B in deposits. The FDIC's estimated loss on the failure is $453.9M (14.0% of assets).
- Closing date
- April 30, 2010
- FDIC certificate #
- 22710
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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