Data / Bank failures / 2009 / Venture Bank
Venture Bank, Lacey, WA: failed September 11, 2009
Venture Bank in Lacey, Washington, failed on September 11, 2009. First-Citizens Bank & Trust Company of Raleigh, NC, took over its deposits. It held $968.4 million in assets and $917.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $201.1 million (20.8% of its assets). By assets it was the 37th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- September 11, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First-Citizens Bank & Trust Company, Raleigh, NC
- Total assets
- $968,385,000
- Total deposits
- $917,729,000
- Estimated cost to the FDIC
- $201,127,926 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 22868
Other bank failures in Washington, 2007 to 2011
| 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 First-Citizens Bank & Trust Company took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Silicon Valley Bank | Santa Clara | CA | March 10, 2023 | $209.03 billion | $175.38 billion | $18.74 billion | First-Citizens Bank & Trust Company |
| Guaranty Bank | Milwaukee | WI | May 5, 2017 | $1.03 billion | $1.00 billion | $132 million | First-Citizens Bank & Trust Company |
| Harvest Community Bank | Pennsville | NJ | January 13, 2017 | $124.2 million | $122.2 million | $22.2 million | First-Citizens Bank & Trust Company |
| First Cornerstone Bank | King of Prussia | PA | May 6, 2016 | $103.3 million | $101 million | $10.8 million | First-Citizens Bank & Trust Company |
| North Milwaukee State Bank | Milwaukee | WI | March 11, 2016 | $67.1 million | $61.5 million | $11.8 million | First-Citizens Bank & Trust Company |
| Capitol City Bank & Trust Company | Atlanta | GA | February 13, 2015 | $272.3 million | $262.7 million | $95.9 million | First-Citizens Bank & Trust Company |
| Colorado Capital Bank | Castle Rock | CO | July 8, 2011 | $665.8 million | $635.2 million | $254.9 million | First-Citizens Bank & Trust Company |
| First Regional Bank | Los Angeles | CA | January 29, 2010 | $2.08 billion | $1.66 billion | $224.1 million | First-Citizens Bank & Trust Company |
All bank failures in 2009 · All bank failures in Washington · Every failed bank First-Citizens Bank & Trust Company 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.