The Graveyard › Banks › 2010
Evergreen Bank
Seattle, WA · failed January 22, 2010 · FDIC certificate 20501
Evergreen Bank of Seattle, WA failed on January 22, 2010. It opened on October 1, 1971, 38 years before. At its last report before that it held $396.0 million in assets and $340.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2009, it held $505.8 million. The FDIC estimates that the Deposit Insurance Fund lost $43.4 million on it.
1984-032009-12
Assets at the end$396.0 millionlast report before January 22, 2010
Deposits at the end$340.4 million
Estimated loss to the fund$43.4 millionDIF
Largest in the quarterly reports$505.8 millionJune 30, 2009
Equity to assets1.8%December 31, 2009
Loans not being repaid19.6%noncurrent, December 31, 2009
Return on assets-5.47%a year's rate, December 31, 2009
Staff80full time, December 31, 2009
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.