THE COWLITZ BANK Failed 2010
What happened
THE COWLITZ BANK of LONGVIEW, WA was closed on 2010-07-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HERITAGE BANK (OLYMPIA, WA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3838
- FDIC Certificate
- 22643
- FDIC FIN
- 10275
- Bank name
- THE COWLITZ BANK
- Location
- LONGVIEW, WA
- Failure date
- 2010-07-30
- FDIC resolution date
- 2010-07-30
- 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.)
- $31M
- Deposits at failure
- $475M
- Assets at failure
- $489M
- Acquiring bank
- HERITAGE BANK (OLYMPIA, WA)
Other banks HERITAGE BANK acquired in FDIC resolutions