Data / Bank failures / 1993 / Emerald City Bank
Emerald City Bank, Seattle, WA: failed July 2, 1993
Emerald City Bank in Seattle, Washington, failed on July 2, 1993. Key Bank of Washington of Tacoma, WA, took over its deposits. It held $7.8 million in assets and $7.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.1 million (13.4% of its assets). By assets it was the 49th largest of 50 banks closed or assisted in 1993.
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The FDIC's record
- Closed
- July 2, 1993
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Key Bank of Washington, Tacoma, WA
- Total assets
- $7,845,000
- Total deposits
- $7,219,000
- Estimated cost to the FDIC
- $1,052,785 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 27268
Other bank failures in Washington, 1991 to 1995
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Family S & La | Seattle | February 8, 1991 | $99.6 million | $60.5 million | $3.6 million | Puget Sound NB |
All bank failures in 1993 · All bank failures in Washington · 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.