Bank Failure
Bank of Clark County
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Closed January 16, 2009 · Vancouver, WA · FDIC Cert #34959.
- Closing date
- January 16, 2009
- Headquarters
- Vancouver, WA
- FDIC Certificate
- 34959
- Total assets at closing
- $441.1M
- Total deposits at closing
- $377.5M
- Estimated loss to the insurance fund
- $150.7M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Umpqua Bank
Context
On January 16, 2009, regulators closed Bank of Clark County, headquartered in Vancouver, WA. At closing, the institution held approximately $441.1M in assets and $377.5M in deposits. The FDIC record names Umpqua Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $150.7M.
By assets at closing this is the 417th largest of the 3,526 bank failures in the FDIC record, and the 53rd of 140 in 2009. 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 Bank of Clark County fail?
Bank of Clark County was closed by regulators on January 16, 2009.
Who acquired Bank of Clark County?
The FDIC record names Umpqua Bank as the acquiring institution in the resolution of Bank of Clark County.
How big was Bank of Clark County when it failed?
Bank of Clark County had approximately $441.1M in total assets and $377.5M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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