Bank failure · WA
Venture Bank (Lacey, WA) — failed September 11, 2009
Venture Bank of Lacey, Washington was closed on September 11, 2009 and resolved through a purchase and assumption. First-Citizens Bank & Trust Company (NC) took over its insured deposits. At failure it held $968.4M in assets and $917.7M in deposits. The FDIC's estimated loss on the failure is $201.1M (20.8% of assets).
- Closing date
- September 11, 2009
- FDIC certificate #
- 22868
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First-Citizens Bank & Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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