Bank failure · WA

The Liberty Bank of Seattle (Seattle, WA) — failed June 17, 1988

The Liberty Bank of Seattle of Seattle, Washington was closed on June 17, 1988 and resolved through a purchase and assumption. Emerald City Bank (WA) took over its insured deposits. At failure it held $19.1M in assets and $20.6M in deposits. The FDIC's estimated loss on the failure is $8.4M (43.7% of assets).