Bank Failure
American Marine Bank
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Closed January 29, 2010 · Bainbridge Island, WA · FDIC Cert #16730.
- Closing date
- January 29, 2010
- Headquarters
- Bainbridge Island, WA
- FDIC Certificate
- 16730
- Total assets at closing
- $329.2M
- Total deposits at closing
- $287.4M
- Estimated loss to the insurance fund
- $28.4M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Columbia State Bank
Context
On January 29, 2010, regulators closed American Marine Bank, headquartered in Bainbridge Island, WA. At closing, the institution held approximately $329.2M in assets and $287.4M in deposits. The FDIC record names Columbia State Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $28.4M.
By assets at closing this is the 521st largest of the 3,526 bank failures in the FDIC record, and the 68th of 157 in 2010. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did American Marine Bank fail?
American Marine Bank was closed by regulators on January 29, 2010.
Who acquired American Marine Bank?
The FDIC record names Columbia State Bank as the acquiring institution in the resolution of American Marine Bank.
How big was American Marine Bank when it failed?
American Marine Bank had approximately $329.2M in total assets and $287.4M in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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