Division of Banks
Formal administrative actions taken by the Division of Banks (the “Division”), can be taken separately or jointly with the Federal Deposit Insurance Corporation (“FDIC”) or Board of Governors of the Federal Reserve System (“Federal Reserve Board”), against Washington State-chartered Banks, their Bank Holding Companies, Trust Companies and Affiliated Persons.
The Division may take administrative action when a Bank, a Bank Holding Company, and/or Affiliated Persons have violated the Commercial Bank Act, Title 30 RCW, or Mutual Savings Bank Act, Title 32 RCW, or other applicable law or regulation.
Items appearing on this website may be subject to an administrative hearing or other proceedings under the Administrative Procedures Act, Chapter 34.05 RCW.
In order to view the Division’s separate Administrative Orders below, you must have installed on your computer Adobe Reader. Download a free copy of Adobe Reader.
Administrative Orders (Last Updated: February 27, 2013)
|Name of Bank, Bank Holding Company or Affiliated Person||Status of Bank||Type of Order||Effective Date||Order|
|Regal Financial Bank||Open||Termination of Cease and Desist Order||01/14/13||¶ 09-388b|
|Bank of Fairfield||Open||Termination of Consent Order||10/23/12||¶ 10-627b|
|Anchor Bank||Open||Termination of Cease and Desist Order||09/05/12||¶ 09-142b|
|Twin City Bank||Open||Termination of Cease and Desist Order||08/27/12||¶ 09-401b|
|Mountain Pacific Bank||Open||Termination of Cease and Desist Order||04/04/12||¶ 09-079b|
|First Savings Bank Northwest||Open||Termination of Consent Order||04/03/12||¶ 10-524b|
|Homestreet Bank||Open||Termination of Cease and Desist Order||03/26/12||¶ 09-121b|
|Coastal Community Bank||Open||Consent Order – Terminated||03/13/12||¶ 09-12-CD|
|Pacific International Bank||Open||Consent Order||12/02/11||¶ 2011-12-09|
(Merged with OneCalifornia Bank)
|Merged||Termination Of Consent Order||11/28/11||¶ 2011-11-59|
|Bank of the Northwest
(Merged with AmericanWest Bank)
|Merged||Termination Of Consent Order||09/01/11||¶ 2011-09-55|
|Riverbank||Open||Consent Order||08/29/11||¶ 2011-08-10|
(Merged with Opus Bank)
|Merged||Termination Of Consent Order||07/01/11||¶ 2011-07-048|
|Jeffrey Goodell||N/A||Consent Order||05/31/11||¶ 11-02-CO-01|
|AmericanWest Bank||Open||Termination Of Cease and Desist Orders||03/24/11||¶ 2011-03-83|
|Bank of Whitman||Closed||Consent Order||10/22/10||¶ 10-08-CD|
|Sterling Savings Bank||Open||Termination Of Cease and Desist Orders||09/27/10||¶ 2010-09-79|
|Westside Community Bank||Closed||Consent Order||09/24/10||¶ 2010-09-29|
|Foundation Bank||Open||Consent Order||09/17/10||¶ 2010-09-26|
|Summit Bank||Closed||Consent Order||06/02/10||¶ 2010-06-26|
|First Heritage Bank||Closed||Consent Order||04/26/10||¶ 2010-04-43|
|Plaza Bank||Open||Consent Order||03/17/10||¶ 2010-03-41|
|First Sound Bank||Open||Consent Order||03/04/10||¶ 2010-03-40|
|Cowlitz Bank||Closed||Consent Order||01/27/10||¶ 2010-01-31|
|Shoreline Bank||Closed||Consent Order||12/29/09||¶ 2009-12-25|
|Pierce Commercial Bank||Closed||Cease and Desist Order||11/30/09||¶ 2009-11-18|
|The Bank of Washington||Open||Consent Order||11/18/09||¶ 2009-11-31|
(Merged with AmericanWest Bank)
|Merged||Consent Order||11/04/09||¶ 2009-11-33|
|Washington First International Bank||Closed||Cease and Desist Order||09/01/09||¶ 2009-09-24|
|Business Bank||Open||Cease and Desist Order||09/01/09||¶ 2009-09-22|
|North County Bank||Closed||Cease and Desist Order||08/14/09||¶ 2009-03-23|
|Bank Reale||Open||Cease and Desist Order||08/14/09||¶ 2008-08-11|
|Seattle Bank||Open||Cease and Desist Order||06/04/09||¶ 2009-06-27|
Examination Reports and Federal Enforcement
Under Washington State law, examination reports and any information obtained in connection with the examination of a Bank or Bank Holding Company, including joint examinations conducted with the FDIC and Federal Reserve Board, are confidential and privileged and not subject to public disclosure. For this reason, portions of the administrative actions accessible through this Web site may be redacted.
A Bank must also comply with laws pertaining to federal deposit insurance, and a Bank Holding Company is subject to the jurisdiction of the Federal Reserve Board. The FDIC is the U.S. government agency that insures a Bank’s deposits. The Federal Reserve Board is the U.S. government agency with authority over a Bank Holding Company. The FDIC and the Federal Reserve Board may issue, either separately or with the Division, administrative orders directed to a Bank or Bank Holding Company.
Although the information on this website is updated regularly, it may not be current or error free. This information is not intended to be legal advice or a substitute for obtaining legal advice from competent, independent, legal counsel. It also is not designed or intended to be relied upon as authoritative financial, investment or professional advice.