Summit Bank

Status:Inactive as of 05/20/2011
 Absorption - Assisted
Successor Bank:Columbia State Bank
Headquarters:Summit Bank
723 Haggen Drive
Burlington, WA 98233
Established:01/01/1914
FDIC Insurance:01/01/1934
FDIC Cert:#513
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$142,729,000
Total Deposits:$131,631,000

History

1914-01-01Institution established: Original name:State Bank of Concrete
2005-03-03Changed name to Summit Bank
2007-06-13Moved bank headquarters from CONCRETE, WA to BURLINGTON, WA
2011-05-20Failed. Acquired with government financial assistance and subsequently operated as part of Columbia State Bank (33826)
2011-05-27Acquired First Heritage Bank (23626) in SNOHOMISH, WA as part of a government assisted transaction.
2011-08-05Acquired Bank of Whitman (22528) in COLFAX, WA as part of a government assisted transaction.
2013-04-01Acquired West Coast Bank (2345) in LAKE OSWEGO, OR
2014-11-01Acquired Panhandle State Bank (23415) in SANDPOINT, ID
2017-11-01Acquired Pacific Continental Bank (20774) in EUGENE, OR
2020-03-31Moved bank headquarters from BURLINGTON, WA to Tacoma, WA
2021-10-01Acquired Merchants Bank of CommerceColumbia State Bank (24074) in Sacramento, CA.

Financial Information (2011-03-31 and Older)