# SHORELINE BANK

> **Failed bank** · SHORELINE, WA · failed 2010-10-01 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $23M

## What happened

SHORELINE BANK of SHORELINE, WA was closed by regulators 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
- **Estimated FDIC DIF cost:** $23M
- **Deposits at failure:** $91M
- **Assets at failure:** $93M
- **Acquiring bank:** GBC INTERNATIONAL BANK (LOS ANGELES, CA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SHORELINE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SHORELINE BANK (FDIC ID 3862), failed 2010-10-01. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/3862.

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