Regulators Seize Bank in Washington State [FDIC Friday]

The Wall Street Journal ^ | 2009-05-09 | David Enrich

[rabscuttle385]

Regulators seized a Bremerton, Wash., bank late Friday as the financial crisis claimed its 33rd federally insured financial institution of 2009.

The Federal Deposit Insurance Corp. estimated that the failure of Westsound Bank would cost its deposit-insurance fund $108 million. Westsound is the second Washington bank to be closed by regulators so far this year.

Westsound had total assets of $334.6 million and total deposits of $304.5 million as of March 31.

[rabscuttle385]

Failed Bank Information for Westsound Bank, Bremerton, WA

[rabscuttle385]

*Ping!*

[April Lexington]

I’d like to wish everyone another Happy Bank Friday!

[djf]

304 mill???

Peanuts...

[4woodenboats]

What’s ACORN’S cut?

[chase19]

Yippie...another bank to our collection. It’s getting like Monopoly. We’ll soon own Park Avenue.

[jonrick46]

With all these bank assets available to the DemonRATs, there will be no campaign they can’t finance and no candidate who won’t win. And they won’t have to worry about paying back Soros.

[sionnsar]

Thanks to rabscuttle385 for the ping.

Say WA? Evergreen State ping

Quick link: WA State Board

FReepmail sionnsar if you want on or off this ping list.

Ping sionnsar if you see a Washington state related thread.

[anniegetyourgun]

In other sad news from WA:

http://www.kirotv.com/news/19416245/detail.html

[GOPJ]

Thanks for the ping.