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
