EVERGREEN BANK Failed 2010
What happened
EVERGREEN BANK of SEATTLE, WA was closed on 2010-01-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UMPQUA BANK (ROSEBURG, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3739
- FDIC Certificate
- 20501
- FDIC FIN
- 10172
- Bank name
- EVERGREEN BANK
- Location
- SEATTLE, WA
- Failure date
- 2010-01-22
- FDIC resolution date
- 2010-01-22
- 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.)
- $43M
- Deposits at failure
- $340M
- Assets at failure
- $396M
- Acquiring bank
- UMPQUA BANK (ROSEBURG, OR)
Other banks UMPQUA BANK acquired in FDIC resolutions