EMERALD CITY BANK Failed 1993
What happened
EMERALD CITY BANK of SEATTLE, WA was closed on 1993-07-02. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to KEY BANK OF WASHINGTON (TACOMA, WA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3465
- FDIC Certificate
- 27268
- FDIC FIN
- 4587
- Bank name
- EMERALD CITY BANK
- Location
- SEATTLE, WA
- Failure date
- 1993-07-02
- FDIC resolution date
- 1993-07-02
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $7M
- Assets at failure
- $8M
- Acquiring bank
- KEY BANK OF WASHINGTON (TACOMA, WA)