Bank failure · WA
North County Bank (Arlington, WA) — failed September 24, 2010
North County Bank of Arlington, Washington was closed on September 24, 2010 and resolved through a purchase and assumption. Whidbey Island Bank (WA) took over its insured deposits. At failure it held $288.8M in assets and $276.1M in deposits. The FDIC's estimated loss on the failure is $70.8M (24.5% of assets).
- Closing date
- September 24, 2010
- FDIC certificate #
- 35053
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Whidbey Island Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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