WA Troubled Banks Update (Plus National Bank Bonus)

Let’s have an updated look at Washington State’s troubled banks. The following charts are based on data from the FDIC, the NCUA, and Calculated Risk’s latest Unofficial Problem Bank List (updated 03/19). There have been a few changes since our last update in February. Rainier Pacific Bank of Tacoma failed in late February, North Cascades […]

Interactive Map of Washington’s Banks and Credit Unions

With the failure of American Marine Bank on Bainbridge Island becoming Washington State’s third bank failure of 2010 on Friday, I thought it would be interesting to take another look at our state’s troubled banks. The following charts are based on data from the FDIC, the NCUA, and Calculated Risk’s latest Unofficial Problem Bank List […]

Four More Washington Banks on the Unofficial Problem Bank List

Calculated Risk’s Unofficial Problem Bank List continues to increase in size, with the latest update including 576 banks across the country. This update added four more Washington State banks to the list: American Marine Bank in Bainbridge Island, Pierce Commercial Bank in Tacoma, The Bank of Washington in Lynnwood, and Viking Bank in Seattle. The […]

Detailed Analysis of Washington State Banks via Seattle Times

The Seattle Times posted an interesting article yesterday about Washington State’s banks titled Some Washington banks are recovering, others see their options narrowing According to The Seattle Times’ quarterly analysis of Washington banks and thrifts, most of the state’s financial institutions seem to be weathering the upheaval reasonably well. Others, while clearly struggling, probably can […]

Washington is #1… For Troubled Banks

With the news in September that Seattle is #1 for delinquent construction loans, it probably comes as not much of a surprise that Washington State also happens to rank #1 in the nation for troubled banks, according to Calculated Risk’s unofficial problem bank list. State Percent Washington 26.3% Utah 25.0% Arizona 21.3% Nevada 20.0% Oregon […]