The Graveyard › Banks › 2009
Westsound Bank
Bremerton, WA · failed May 8, 2009 · FDIC certificate 34843
Westsound Bank of Bremerton, WA failed on May 8, 2009. It opened on March 12, 1999, 10 years before. At its last report before that it held $334.6 million in assets and $304.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $502.8 million. The FDIC estimates that the Deposit Insurance Fund lost $81.0 million on it.
1999-032009-03
Assets at the end$334.6 millionlast report before May 8, 2009
Deposits at the end$304.5 million
Estimated loss to the fund$81.0 millionDIF
Largest in the quarterly reports$502.8 millionMarch 31, 2008
Equity to assets8.4%March 31, 2009
Loans not being repaid39.6%noncurrent, March 31, 2009
Return on assets-4.94%a year's rate, March 31, 2009
Staff92full time, March 31, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
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.