Bank failure · WA
Shoreline Bank (Shoreline, WA) — failed October 1, 2010
Shoreline Bank of Shoreline, Washington was closed on October 1, 2010 and resolved through a purchase and assumption. Gbc International Bank (CA) took over its insured deposits. At failure it held $93.0M in assets and $90.6M in deposits. The FDIC's estimated loss on the failure is $23.5M (25.3% of assets).
- Closing date
- October 1, 2010
- FDIC certificate #
- 35250
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- GBC International Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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