# THE LIBERTY BANK OF SEATTLE

> **Failed bank** · SEATTLE, WA · failed 1988-06-17 · State commercial bank, Federal Reserve member · FDIC cost $8M

## What happened

THE LIBERTY BANK OF SEATTLE of SEATTLE, WA was closed by state regulators on **1988-06-17**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **EMERALD CITY BANK** (SEATTLE, WA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1776
- **FDIC Certificate:** 19817
- **FDIC FIN:** 2831
- **Bank name:** THE LIBERTY BANK OF SEATTLE
- **Location:** SEATTLE, WA
- **Failure date:** 1988-06-17
- **FDIC resolution date:** 1988-06-17
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $21M
- **Assets at failure:** $19M
- **Acquiring bank:** EMERALD CITY BANK (SEATTLE, WA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20LIBERTY%20BANK%20OF%20SEATTLE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE LIBERTY BANK OF SEATTLE (FDIC ID 1776), failed 1988-06-17. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1776.

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