The Cowlitz Bank of Washington is closed by FDIC. Accounts transferred to Heritage Bank of Washington. Depositors must claim FDIC-insured IRA, CD, Savings Accounts and Checking Accounts

	July 30, 2010: The Cowlitz Bank, Longview, WA, including branches operating under the name Bay Bank, a Division of The Cowlitz Bank, was closed by the Washington Department of Financial Institutions. The Federal Deposit Insurance Corporation was named receiver. Successor Bank: All deposit accounts, excluding certain brokered deposits, have been transferred to Heritage Bank, Olympia, Washington. Heritage Bank 201 5th Avenue, S.W. Olympia, WA 98501 History: Established in 1978 as The Cowlitz Bank Acquired Northern Bank Of Commerce - Portland, Oregon Acquired Asia-Europe-Americas Bank - Seattle, Washington. ► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage. ► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Funds Search
2010 FDIC Insured Failed Banks




The Cowlitz Bank 927 Commerce Avenue Longview, WA 98632
Established as The Cowlitz Bank




Cost to FDIC: $69 million