TITLE

Bank Failures Catch Up With Pacific Northwest

AUTHOR(S)
Davidson, Kate
PUB. DATE
June 2010
SOURCE
American Banker;6/23/2010, Vol. 175 Issue 96, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines an increase in bank failures in the U.S. Pacific Northwest states in 2010. Eight banks have failed in Washington state and Oregon as of mid-June, compared to seven failures in those states and Idaho in all of 2009, and as many as 22 banks in Washington are operating under supervision of U.S. regulators. Large portfolios of construction and real estate development loans are considered responsible.
ACCESSION #
51632743

 

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