Failed Bank Information for City Bank, Lynnwood, WA
On Friday, April 16, 2010, City Bank was closed by the Washington Department of Financial Institutions. The FDIC was named Receiver. Whidbey Island Bank, Coupeville, WA acquired all deposit accounts.
The FDIC as Receiver for City Bank, Lynnwood, WA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 30, 2022 and has made all dividend distributions required by law.
Effective October 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: October 1, 2022
Publication Date: March 30, 2022
Report on dividends paid
Official press release
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: Whidbey Island Bank
About Whidbey Island Bank
All deposit accounts, excluding certain brokered deposits, were transferred to Whidbey Island Bank, Coupeville, WA ("assuming institution"). Former City Bank locations reopened as branches of Whidbey Island Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Whidbey Island Bank for at least six months after the failure of City Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Whidbey Island Bank as long as the deposits are not pledged as collateral for loans.
Contacting Whidbey Island Bank
On May 1, 2014, Whidbey Island Bank merged with Heritage Bank.
You can contact Heritage Bank:
201 5th Ave SW
Olympia, WA 98501
Heritage Bank (www.heritagebanknw.com)
Purchase & Assumption Agreement - PDF (1.4Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank