CITY BANK Failed 2010
What happened
CITY BANK of LYNNWOOD, WA was closed on 2010-04-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WHIDBEY ISLAND BANK (COUPEVILLE, WA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3776
- FDIC Certificate
- 21521
- FDIC FIN
- 10212
- Bank name
- CITY BANK
- Location
- LYNNWOOD, WA
- Failure date
- 2010-04-16
- FDIC resolution date
- 2010-04-16
- 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.)
- $155M
- Deposits at failure
- $920M
- Assets at failure
- $982M
- Acquiring bank
- WHIDBEY ISLAND BANK (COUPEVILLE, WA)
Other banks WHIDBEY ISLAND BANK acquired in FDIC resolutions