SHORELINE BANK Failed 2010

SHORELINE, WA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

SHORELINE BANK of SHORELINE, WA was closed on 2010-10-01. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to GBC INTERNATIONAL BANK (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3862
FDIC Certificate
35250
FDIC FIN
10295
Bank name
SHORELINE BANK
Location
SHORELINE, WA
Failure date
2010-10-01
FDIC resolution date
2010-10-01
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.)
$23M
Deposits at failure
$91M
Assets at failure
$93M
Acquiring bank
GBC INTERNATIONAL BANK (LOS ANGELES, CA)