<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=192888919167017&amp;ev=PageView&amp;noscript=1">
Thursday, March 28, 2024
March 28, 2024

Linkedin Pinterest

Regulators shut Seattle-based bank

The Columbian
Published: June 11, 2010, 12:00am

WASHINGTON (AP) — Regulators have shut down a bank in Washington, bringing to 82 the number of U.S. bank failures this year.

The Federal Deposit Insurance Corp. on Friday took over Seattle-based Washington First International Bank, with $520.9 million in assets and $441.4 million in deposits. East West Bank, based in Pasadena, Calif., agreed to assume the deposits and $501 million of the assets of the failed bank.

The failure of Washington First International Bank is expected to cost the deposit insurance fund $158.4 million.

Loading...