Failed Bank List

5 failed banks ยท 2010 to 2011

Failed banks taken over by Columbia State Bank

Columbia State Bank of Tacoma, Washington took over five failed banks between 2010 and 2011, the 13th-highest count among the 318 acquirers of that period. Together they reported $2.1 billion in assets and $2.0 billion in deposits at closing. The largest was Columbia River Bank, at $955 million. The banks were spread over two states, most in Washington (4). Three of the deals came in 2011. The most recent was Bank of Whitman of Colfax, on August 5, 2011. The FDIC's estimated loss on these failures totals $242 million, a median of 17% of each bank's assets.

Failed banks taken over by Columbia State Bank, by closing date200020052010201520202025Columbia River Bank, 2010-01-22Bank of Whitman, 2011-08-05American Marine Bank, 2010-01-29First Heritage Bank, 2011-05-27Summit Bank, 2011-05-20
Each circle is one failed bank, placed at its closing date; area shows total assets.
Every failed bank it took over, in date order
ClosedBankLocationTotal assetsEst. loss
January 22, 2010Columbia River BankThe Dalles, OR$955 million$54.9 million
January 29, 2010American Marine BankBainbridge Island, WA$329 million$28.4 million
May 20, 2011Summit BankBurlington, WA$143 million$24.2 million
May 27, 2011First Heritage BankSnohomish, WA$173 million$33.6 million
August 5, 2011Bank of WhitmanColfax, WA$549 million$101 million

The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.