VENTURE BANK Failed 2009
What happened
VENTURE BANK of LACEY, WA was closed on 2009-09-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3684
- FDIC Certificate
- 22868
- FDIC FIN
- 10119
- Bank name
- VENTURE BANK
- Location
- LACEY, WA
- Failure date
- 2009-09-11
- FDIC resolution date
- 2009-09-11
- 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.)
- $201M
- Deposits at failure
- $918M
- Assets at failure
- $968M
- Acquiring bank
- FIRST-CITIZENS BANK & TRUST COMPANY (RALEIGH, NC)
Other banks FIRST-CITIZENS BANK & TRUST COMPANY acquired in FDIC resolutions