Washington State Division of Banks
The Division of Banks (DOB) was organized in 1907 and administers Title 30, Title 32, and Title 33 of the Revised Code of Washington. Brad Williamson is the Division Director.
The division regulates more than 90 Washington State-chartered commercial banks, stock savings banks, mutual savings banks, alien banks, savings and loan associations, and independent trust companies.
We charter new banks, business development corporations, trust companies, foreign banks, and savings & loan associations. Also, we authorize new branches and branch closures; and approve mergers & acquisitions. Learn more about the Division of Banks.
What's New
Below you will find what's new from the Division of Banks.
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Columbia State Bank Purchases American Marine Bank
DFI closed American Marine Bank on January 29, 2010. Immediately following the closure, the Federal Deposit of Insurance Corporation (FDIC) took receivership. The FDIC entered into a purchase and assumption agreement with Columbia State Bank of Tacoma Washington.
DFI Announcement & Information -
Umpqua Bank Purchases Evergreen Bank
DFI closed Evergreen Bank on January 22, 2010. Immediately following the closure, the Federal Deposit of Insurance Corporation (FDIC) took receivership. The FDIC entered into a purchase and assumption agreement with Umpqua Bank of Roseburg Oregon.
DFI Announcement & Information -
Washington Federal Purchases Horizon Bank
DFI closed Horizon Bank on January 08, 2010. Immediately following the closure, the Federal Deposit of Insurance Corporation (FDIC) took receivership. The FDIC entered into a purchase and assumption agreement with Washington Federal.
DFI Announcement & Information - Semi Annual Assessment Due No Later Than January 31, 2010
Assessment due no later than January 31, 2010 based on assets as of December 31, 2009.
Download Assessment Worksheet (Excel) -
Governor Gregoire Submits Letter In Support Of Community Banks
Governor Gregoire recently submitted a letter to members of the Washington State Congressional Delegation in support of community banks.
View Letter (PDF)* - First-Citizens Bank & Trust Company Of Raleigh, NC Purchases Venture Bank
DFI closed Venture Bank on September 11, 2009. Immediately following the closure, the Federal Deposit of Insurance Corporation (FDIC) took receivership. The FDIC entered into a purchase and assumption agreement First-Citizens Bank & Trust Company Raleigh, NC.
DFI Announcement & Information - FAQs For Bank Business Loan Customers In Turbulent Times
DFI answers some of the frequently asked questions business loan customers may have about loans and credit lines.
View FAQs - DFI Director Submits Comments To FDIC Regarding TAG Program
DFI Director, Scott Jarvis, recently submitted a letter to Sheila Bair in support of at least a 1 year extension of the TAG program.
Comments & Letter Submitted To Sheila Bair (PDF)* - DFI Takes Possession Of Westsound Bank
On May 8, 2009, the Washington Department of Financial Institutions (DFI) took possession of Bremerton’s Westsound Bank, citing severe asset problems, significant losses and inadequate capital. Immediately upon taking possession, DFI appointed the Federal Deposit Insurance Corporation (FDIC) receiver. Then the FDIC immediately entered into a purchase and assumption agreement with Kitsap Bank of Port Orchard, Wash.
DFI Announcement & Information For Customers
- DFI Closes Bank Of Clark County - Umpqua Bank Will Acquire All FDIC Insured Deposits
The Washington Department of Financial Institutions (DFI) closed Bank of Clark County on January 16, 2009, citing inadequate capital and liquidity. Immediately following the closure, the Federal Deposit of Insurance Corporation (FDIC) took receivership. The FDIC entered into a purchase and assumption agreement with Umpqua Bank of Roseburg, Ore.
DFI Announcement | Information For Customers
WA PDPC Acts To Recover Public Funds (PDF)*
- FDIC Temporarily Raises Insurance Coverage To $250,000
The standard insurance amount currently is $250,000 per depositor. The $250,000 limit is permanent for certain retirement accounts, which includes IRAs. The $250,000 limit is temporary for all other deposit accounts through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except certain retirement accounts, which will remain at $250,000 per depositor. Learn more.
- SHB 2770 Rulemaking - "Disclosure Summary"
Disclosure summary rules and model disclosure summary are now available online for review. Learn more.
- DFI Director Writes Letter To Members Of The FFIEC Regarding The Need For Financial Literacy Outreach Efforts Nationally And In Washington
DFI Director Scott Jarvis recently wrote a letter to members of the Financial Institutions Examinations Council (FFIEC) expressing the need for financial literacy outreach efforts both nationally and in Washington State. View letter and response from members of the FFIEC (PDF)*.
Who We Regulate
The Division of Banks regulates the business activities of the following entities:
- Commercial Banks & Savings Institutions
- Trust Companies & Trust Departments
- Business Development Corporations, Small Business (7a) Lenders, & Agencies of Non-U.S. Banks
Contact Us
Mailing Address:
Department of Financial Institutions
Division of Banks
PO Box 41200
Olympia, WA 98504-1200
Phone Numbers:
Phone: 360-902-8704
Toll Free: (877) RING DFI (746-4334)
TDD: (360) 664-8126
Fax: 360-753-6070
Email: banks@dfi.wa.gov
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
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