The Graveyard › Banks › 2010
Washington First International Bank
Seattle, WA · failed June 11, 2010 · FDIC certificate 32955
Washington First International Bank of Seattle, WA failed on June 11, 2010. It opened on May 15, 1990, 20 years before. At its last report before that it held $520.9 million in assets and $441.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $660.3 million. The FDIC estimates that the Deposit Insurance Fund lost $95.2 million on it.
1990-062010-03
Assets at the end$520.9 millionlast report before June 11, 2010
Deposits at the end$441.4 million
Estimated loss to the fund$95.2 millionDIF
Largest in the quarterly reports$660.3 millionMarch 31, 2009
Equity to assets2.0%March 31, 2010
Loans not being repaid16.6%noncurrent, March 31, 2010
Return on assets-3.49%a year's rate, March 31, 2010
Staff70full time, March 31, 2010
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.