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Bank failure · WA

Hometown National Bank (Longview, WA) — failed October 2, 2015

Hometown National Bank of Longview, Washington was closed on October 2, 2015 and resolved through a purchase and assumption. Twin City Bank (WA) took over its insured deposits. At failure it held $3.8M in assets and $3.7M in deposits. The FDIC's estimated loss on the failure is $995K (26.3% of assets).

Closing date
October 2, 2015
FDIC certificate #
35156
Resolution
Purchase and assumption (failure)
Acquiring institution
Twin City Bank
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails