Data / Bank failures / 1985 / Westside FS&LA
Westside FS&LA, Seattle, WA: failed August 30, 1985
Westside FS&LA in Seattle, Washington, failed on August 30, 1985. Prudential Bank FSB of Seattle, WA, took over its deposits. It held $378.4 million in assets and $325.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $100.8 million (26.7% of its assets). By assets it was the 19th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- August 30, 1985
- Type
- Failure
- Acquirer
- Prudential Bank FSB, Seattle, WA
- Total assets
- $378,366,000
- Total deposits
- $325,085,000
- Estimated cost to the FDIC
- $100,841,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28124
Other bank failures in Washington, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Home S&LA (assistance) | Seattle | March 13, 1987 | $150.6 million | $117.6 million | $25.9 million | Interwest Savings Bank |
| Mid Valley Bank (assistance) | Omak | August 30, 1986 | $39.1 million | $39.1 million | $220,917 | First Bank Washington |
| Guaranty S&LA | Longview | March 21, 1986 | $22.3 million | $13.9 million | $3.4 million | |
| Citizens FS&LA (assistance) | Seattle | December 1, 1985 | $461.4 million | $353.2 million | $18 million | Citizens FS&LA |
| Lewis FS&LA (assistance) | Chehalis | November 1, 1985 | $51.9 million | $52.4 million | $1.8 million | Sterling Savings Assn |
| Queen City S&LA, Wa (assistance) | Seattle | July 24, 1984 | $233.5 million | $130.9 million | $4.2 million | Gibralter SB FSB |
All bank failures in 1985 · 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.