# SUMMIT BANK

> **Failed bank** · BURLINGTON, WA · failed 2011-05-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $24M

## What happened

SUMMIT BANK of BURLINGTON, WA was closed by regulators on **2011-05-20**. The FDIC was named receiver.

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

Deposits were transferred to **COLUMBIA STATE BANK** (TACOMA, WA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3931
- **FDIC Certificate:** 513
- **FDIC FIN:** 10367
- **Bank name:** SUMMIT BANK
- **Location:** BURLINGTON, WA
- **Failure date:** 2011-05-20
- **FDIC resolution date:** 2011-05-20
- **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:** $24M
- **Deposits at failure:** $132M
- **Assets at failure:** $143M
- **Acquiring bank:** COLUMBIA STATE BANK (TACOMA, WA)

## Other banks COLUMBIA STATE BANK has acquired in FDIC resolutions

- BANK OF WHITMAN (COLFAX, WA) — failed 2011-08-05 — /failed-bank/3952
- FIRST HERITAGE BANK (SNOHOMISH, WA) — failed 2011-05-27 — /failed-bank/3934
- AMERICAN MARINE BANK (BAINBRIDGE ISLAND, WA) — failed 2010-01-29 — /failed-bank/3747
- COLUMBIA RIVER BANK (THE DALLES, OR) — failed 2010-01-22 — /failed-bank/3740

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUMMIT BANK (FDIC ID 3931), failed 2011-05-20. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3931.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*