These closures are becoming more and more common place and aren’t even making the news anymore.  Friday the FDIC shuttered Evergreen bank and sold it to the Umpqua bank of Oregon.  The predictions I am seeing is that the current financial crisis is accelerating the process of consolidation with strong banks sucking up those that extended too much credit.

On Friday, January 22, 2010, Evergreen Bank, Seattle, WA was closed by the Washington Department of Financial Institutions. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
All deposit accounts, excluding certain brokered deposits, have been transferred to Umpqua Bank, Roseburg, OR. For more information on Umpqua Bank, visit us at www.umpquabank.com.
The FDIC has assembled useful information regarding your relationship with Evergreen Bank. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.
Please select the link below to read more about this event:
FDIC Bank Closing Information for Evergreen Bank
Online service will remain available.