Bremerton, WA-based institution, Westsound Bank, was closed on Friday by the Washington Department of Financial Institutions. It is the 33rd FDIC-insured bank to fail in 2009. The bank closing will cost the FDIC’s Deposit Insurance Fund $108 million. The failed banks had assets of $334.6 million and deposits of $304.5 million. Kitsap Bank will buy $49.3 million of assets comprised of cash, cash equivalents, marketable securities and loans secured by deposits.”]
Source: https://www.cuinfosecurity.com/washington-state-bank-33rd-bank-to-fail-in-2009-a-1456