BANK OF WHITMAN Failed 2011
What happened
BANK OF WHITMAN of COLFAX, WA was closed on 2011-08-05. 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
- 3952
- FDIC Certificate
- 22528
- FDIC FIN
- 10387
- Bank name
- BANK OF WHITMAN
- Location
- COLFAX, WA
- Failure date
- 2011-08-05
- FDIC resolution date
- 2011-08-05
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $101M
- Deposits at failure
- $516M
- Assets at failure
- $549M
- Acquiring bank
- COLUMBIA STATE BANK (TACOMA, WA)
Other banks COLUMBIA STATE BANK acquired in FDIC resolutions