Washington State Department of Financial Institutions

Division of Banks
Administrative Actions

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
ShoreBank Pacific
(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
Cascade Bank
(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
Viking Bank
(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.

View FDIC’s joint or separate administrative orders.

View the Federal Reserve Board’s joint or separate administrative orders.

Legal Disclaimer

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.

DFI