Data / Bank failures / 2010 / Evergreen Bank
Evergreen Bank, Seattle, WA: failed January 22, 2010
Evergreen Bank in Seattle, Washington, failed on January 22, 2010. Umpqua Bank of Roseburg, OR, took over its deposits. It held $396 million in assets and $340.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $43.4 million (11% of its assets). By assets it was the 57th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- January 22, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Umpqua Bank, Roseburg, OR
- Total assets
- $395,980,000
- Total deposits
- $340,378,000
- Estimated cost to the FDIC
- $43,421,653 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 20501
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 Umpqua Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Nevada Security Bank | Reno | NV | June 18, 2010 | $492.5 million | $479.8 million | $70 million | Umpqua Bank |
| Rainier Pacific Bank | Tacoma | WA | February 26, 2010 | $717.8 million | $446.2 million | $2.8 million | Umpqua Bank |
| Bank of Clark County | Vancouver | WA | January 16, 2009 | $441.1 million | $377.5 million | $150.7 million | Umpqua Bank |
All bank failures in 2010 · All bank failures in Washington · Every failed bank Umpqua 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.