FRONTIER BANK Failed 2010
What happened
FRONTIER BANK of EVERETT, WA was closed on 2010-04-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION BANK, NATIONAL ASSOCIATION (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3792
- FDIC Certificate
- 22710
- FDIC FIN
- 10228
- Bank name
- FRONTIER BANK
- Location
- EVERETT, WA
- Failure date
- 2010-04-30
- FDIC resolution date
- 2010-04-30
- 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.)
- $454M
- Deposits at failure
- $2,847M
- Assets at failure
- $3,251M
- Acquiring bank
- UNION BANK, NATIONAL ASSOCIATION (SAN FRANCISCO, CA)
Other banks UNION BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions