# THE NATIONAL BANK OF WASHINGTON

> **Failed bank** · WASHINGTON, DC · failed 1990-08-10 · National commercial bank (OCC-chartered) · FDIC cost $224M

## What happened

THE NATIONAL BANK OF WASHINGTON of WASHINGTON, DC was closed by the OCC on **1990-08-10**. The FDIC was named receiver.

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

Deposits were transferred to **THE RIGGS NATIONAL BANK OF** (WASHINGTON, DC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2869
- **FDIC Certificate:** 2092
- **FDIC FIN:** 4257
- **Bank name:** THE NATIONAL BANK OF WASHINGTON
- **Location:** WASHINGTON, DC
- **Failure date:** 1990-08-10
- **FDIC resolution date:** 1990-08-10
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $224M
- **Deposits at failure:** $1,268M
- **Assets at failure:** $1,651M
- **Acquiring bank:** THE RIGGS NATIONAL BANK OF (WASHINGTON, DC)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE NATIONAL BANK OF WASHINGTON (FDIC ID 2869), failed 1990-08-10. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2869.

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