Bank failure · WA
Washington First International Bank (Seattle, WA) — failed June 11, 2010
Washington First International Bank of Seattle, Washington was closed on June 11, 2010 and resolved through a purchase and assumption. East West Bank (CA) took over its insured deposits. At failure it held $520.9M in assets and $441.4M in deposits. The FDIC's estimated loss on the failure is $95.2M (18.3% of assets).
- Closing date
- June 11, 2010
- FDIC certificate #
- 32955
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- East West Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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