FIRST HERITAGE BANK Failed 2011
What happened
FIRST HERITAGE BANK of SNOHOMISH, WA was closed on 2011-05-27. 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
- 3934
- FDIC Certificate
- 23626
- FDIC FIN
- 10368
- Bank name
- FIRST HERITAGE BANK
- Location
- SNOHOMISH, WA
- Failure date
- 2011-05-27
- FDIC resolution date
- 2011-05-27
- 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.)
- $34M
- Deposits at failure
- $163M
- Assets at failure
- $173M
- Acquiring bank
- COLUMBIA STATE BANK (TACOMA, WA)
Other banks COLUMBIA STATE BANK acquired in FDIC resolutions