Data / Bank failures / 2010 / City Bank
City Bank, Lynnwood, WA: failed April 16, 2010
City Bank in Lynnwood, Washington, failed on April 16, 2010. Whidbey Island Bank of Coupeville, WA, took over its deposits. It held $981.9 million in assets and $919.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $155 million (15.8% of its assets). By assets it was the 21st largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- April 16, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Whidbey Island Bank, Coupeville, WA
- Total assets
- $981,913,000
- Total deposits
- $919,606,000
- Estimated cost to the FDIC
- $154,993,145 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 21521
Other bank failures in Washington, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Whitman | Colfax | August 5, 2011 | $548.6 million | $515.7 million | $100.9 million | Columbia State Bank |
| First Heritage Bank | Snohomish | May 27, 2011 | $173.5 million | $163.3 million | $33.6 million | Columbia State Bank |
| Summit Bank | Burlington | May 20, 2011 | $142.7 million | $131.6 million | $24.2 million | Columbia State Bank |
| Pierce Commercial Bank | Tacoma | November 5, 2010 | $221.1 million | $193.5 million | $26.8 million | Heritage Bank |
| Shoreline Bank | Shoreline | October 1, 2010 | $93 million | $90.6 million | $23.5 million | GBC International Bank |
| North County Bank | Arlington | September 24, 2010 | $288.8 million | $276.1 million | $70.8 million | Whidbey Island Bank |
| The Cowlitz Bank | Longview | July 30, 2010 | $489 million | $474.7 million | $31.3 million | Heritage Bank |
| Washington First International Bank | Seattle | June 11, 2010 | $520.9 million | $441.4 million | $95.2 million | East West Bank |
Other failed banks Whidbey Island Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| North County Bank | Arlington | WA | September 24, 2010 | $288.8 million | $276.1 million | $70.8 million | Whidbey Island Bank |
All bank failures in 2010 · All bank failures in Washington · Every failed bank Whidbey Island Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.