Bank failure · WA
The Cowlitz Bank (Longview, WA) — failed July 30, 2010
The Cowlitz Bank of Longview, Washington was closed on July 30, 2010 and resolved through a purchase and assumption. Heritage Bank (WA) took over its insured deposits. At failure it held $489.0M in assets and $474.7M in deposits. The FDIC's estimated loss on the failure is $31.3M (6.4% of assets).
- Closing date
- July 30, 2010
- FDIC certificate #
- 22643
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Heritage Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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