Data / Bank failures / 2010 / Frontier Bank
Frontier Bank, Everett, WA: failed April 30, 2010
Frontier Bank in Everett, Washington, failed on April 30, 2010. Union Bank, National Association of San Francisco, CA, took over its deposits. It held $3.25 billion in assets and $2.85 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $453.9 million (14% of its assets). By assets it was the 5th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- April 30, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Union Bank, National Association, San Francisco, CA
- Total assets
- $3,250,734,000
- Total deposits
- $2,846,886,000
- Estimated cost to the FDIC
- $453,919,785 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 22710
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 Union Bank, National Association took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Tamalpais Bank | San Rafael | CA | April 16, 2010 | $611.5 million | $457.2 million | Union Bank, National Association |
All bank failures in 2010 · All bank failures in Washington · Every failed bank Union Bank, National Association 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.