WESTSIDE COMMUNITY BANK Failed 2013
What happened
WESTSIDE COMMUNITY BANK of UNIVERSITY PLACE, WA was closed on 2013-01-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SUNWEST BANK (IRVINE, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4034
- FDIC Certificate
- 33997
- FDIC FIN
- 10468
- Bank name
- WESTSIDE COMMUNITY BANK
- Location
- UNIVERSITY PLACE, WA
- Failure date
- 2013-01-11
- FDIC resolution date
- 2013-01-11
- 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
- $92M
- Assets at failure
- $92M
- Acquiring bank
- SUNWEST BANK (IRVINE, CA)
Other banks SUNWEST BANK acquired in FDIC resolutions