WESTSOUND BANK Failed 2009

BREMERTON, WA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

WESTSOUND BANK of BREMERTON, WA was closed on 2009-05-08. The FDIC was named receiver.

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

Deposits were transferred to KITSAP BANK (PORT ORCHARD, WA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3626
FDIC Certificate
34843
FDIC FIN
10060
Bank name
WESTSOUND BANK
Location
BREMERTON, WA
Failure date
2009-05-08
FDIC resolution date
2009-05-08
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$81M
Deposits at failure
$304M
Assets at failure
$335M
Acquiring bank
KITSAP BANK (PORT ORCHARD, WA)