A list of Washington state’s troubled banks

Published 4:14 pm Sunday, March 28, 2010

WHILE MOST OF the state’s 90-odd banks and thrifts are at least reasonably healthy, more than two dozen, including two with branches on the North Olympic Peninsula — Frontier Bank and Sterling Savings Bank — are operating under some degree of enhanced regulatory oversight.

We’ve been following their situations closely in the Peninsula Daily News.

The four Washington state-based banks that have been closed so far this year include Bainbridge Island-based American Marine Bank with branches in Port Angeles, Sequim, Port Townsend and Port Ludlow.

On Jan. 30, Tacoma-based Columbia State Bank took over American Marine after entering into a purchase and assumption agreement with the FDIC.

Here’s a link to a list of the state’s “troubled” banks; the list was put together by Puget Sound Business Journal staff writer Kirsten Grind: http://tinyurl.com/yd42rqz