Failures by State
Bank Failures in Washington
27 FDIC-insured banks headquartered in Washington have failed since 1940. The most recent was Hometown National Bank on October 2, 2015. The worst year was 2010, with 11 failures. Failed banks held $13.54B in assets at closing.
27
Failures
1940 to 2015
$13.54B
Failed assets
At closing
$1.87B
Estimated DIF loss
FDIC estimate
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All Washington events
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Largest bank failures in Washington
| Date | Bank | Assets |
|---|---|---|
| Apr 30, 2010 | Frontier Bank | $3.25B |
| Mar 31, 1989 | Gibraltar Savings Bank, FSB | $1.68B |
| Jan 8, 2010 | Horizon Bank | $1.19B |
| Apr 16, 2010 | City Bank | $981.9M |
| Sep 11, 2009 | Venture Bank | $968.4M |
| Feb 26, 2010 | Rainier Pacific Bank | $717.8M |
| Aug 5, 2011 | Bank of Whitman | $548.6M |
| Jun 11, 2010 | Washington First International Bank | $520.9M |
| Jul 30, 2010 | The Cowlitz Bank | $489.0M |
| Jan 16, 2009 | Bank of Clark County | $441.1M |
Washington bank failures by year
Every bank failure in Washington
| Date | Bank | Assets |
|---|---|---|
| Oct 2, 2015 | Hometown National Bank | $3.8M |
| Jan 11, 2013 | Westside Community Bank | $91.9M |
| Aug 5, 2011 | Bank of Whitman | $548.6M |
| May 27, 2011 | First Heritage Bank | $173.5M |
| May 20, 2011 | Summit Bank | $142.7M |
| Nov 5, 2010 | Pierce Commercial Bank | $221.1M |
| Oct 1, 2010 | Shoreline Bank | $93.0M |
| Sep 24, 2010 | North County Bank | $288.8M |
| Jul 30, 2010 | The Cowlitz Bank | $489.0M |
| Jun 11, 2010 | Washington First International Bank | $520.9M |
| Apr 30, 2010 | Frontier Bank | $3.25B |
| Apr 16, 2010 | City Bank | $981.9M |
| Feb 26, 2010 | Rainier Pacific Bank | $717.8M |
| Jan 29, 2010 | American Marine Bank | $329.2M |
| Jan 22, 2010 | Evergreen Bank | $396.0M |
| Jan 8, 2010 | Horizon Bank | $1.19B |
| Sep 11, 2009 | Venture Bank | $968.4M |
| May 8, 2009 | Westsound Bank | $334.6M |
| Jan 16, 2009 | Bank of Clark County | $441.1M |
| Jul 2, 1993 | Emerald City Bank | $7.8M |
| Feb 8, 1991 | Family S & La | $99.6M |
| Feb 23, 1990 | Frontier FS & La | $146.9M |
| Mar 31, 1989 | Gibraltar Savings Bank, FSB | $1.68B |
| Jun 17, 1988 | The Liberty Bank of Seattle | $19.1M |
| Mar 21, 1986 | Guaranty S&LA | $22.3M |
| Aug 30, 1985 | Westside FS&LA | $378.4M |
| Mar 26, 1940 | The First National Bank of Wenatchee | — |
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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