NORTH COUNTY BANK Failed 2010
What happened
NORTH COUNTY BANK of ARLINGTON, WA was closed on 2010-09-24. 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
- 3859
- FDIC Certificate
- 35053
- FDIC FIN
- 10294
- Bank name
- NORTH COUNTY BANK
- Location
- ARLINGTON, WA
- Failure date
- 2010-09-24
- FDIC resolution date
- 2010-09-24
- 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.)
- $71M
- Deposits at failure
- $276M
- Assets at failure
- $289M
- Acquiring bank
- WHIDBEY ISLAND BANK (COUPEVILLE, WA)
Other banks WHIDBEY ISLAND BANK acquired in FDIC resolutions