WASHINGTON FIRST INTERNATIONAL BANK Failed 2010
What happened
WASHINGTON FIRST INTERNATIONAL BANK of SEATTLE, WA was closed on 2010-06-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to EAST WEST BANK (PASADENA, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3815
- FDIC Certificate
- 32955
- FDIC FIN
- 10249
- Bank name
- WASHINGTON FIRST INTERNATIONAL BANK
- Location
- SEATTLE, WA
- Failure date
- 2010-06-11
- FDIC resolution date
- 2010-06-11
- 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.)
- $95M
- Deposits at failure
- $441M
- Assets at failure
- $521M
- Acquiring bank
- EAST WEST BANK (PASADENA, CA)
Other banks EAST WEST BANK acquired in FDIC resolutions