Bank failure · WA

Westside Community Bank (University Place, WA) — failed January 11, 2013

Westside Community Bank of University Place, Washington was closed on January 11, 2013 and resolved through a purchase and assumption. Sunwest Bank (CA) took over its insured deposits. At failure it held $91.9M in assets and $91.9M in deposits. The FDIC's estimated loss on the failure is $22.9M (24.9% of assets).