AMERICAN MARINE BANK Failed 2010
What happened
AMERICAN MARINE BANK of BAINBRIDGE ISLAND, WA was closed on 2010-01-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COLUMBIA STATE BANK (TACOMA, WA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3747
- FDIC Certificate
- 16730
- FDIC FIN
- 10178
- Bank name
- AMERICAN MARINE BANK
- Location
- BAINBRIDGE ISLAND, WA
- Failure date
- 2010-01-29
- FDIC resolution date
- 2010-01-29
- 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.)
- $28M
- Deposits at failure
- $287M
- Assets at failure
- $329M
- Acquiring bank
- COLUMBIA STATE BANK (TACOMA, WA)
Other banks COLUMBIA STATE BANK acquired in FDIC resolutions