Bank of Clark County
Who: Bank of Clark County
What: 2nd bank failure of 2009 (Jan. 16, 2009)
Where: Vancouver, Washington
Why: Risky loans and too many brokered deposits
Fast Facts: As of January 13, 2009, Bank of Clark County had total assets of $446.5 million and total deposits of $366.5 million. At the time of closing, there were approximately $39.3 million in uninsured deposits held in approximately 138 accounts that potentially exceeded the insurance limits. This amount is an estimate that is likely to change once the FDIC obtains additional information from these customers.
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