Summit Bank of Washington shut down by the FDIC. Accounts transferred to Columbia State Bank Washington. Depositors must claim FDIC-insured IRA, CD, Savings Accounts and Checking Accounts

	May 20, 2011: Summit Bank, Burlington, WA was closed by the Washington State 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 Columbia State Bank, Tacoma, WA Columbia State Bank 1301 A Street Tacoma, WA 98402 History: Est. in 1914 as State Bank Of Concrete Changed name to Summit Bank ► 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, certificate of deposit (CD) or safe deposit box go to: Unclaimed Cash and Missing Funds Search
2011 FDIC Insured Failed Banks




Summit Bank 723 Haggen Drive Burlington, WA 98233
Established as State Bank Of Concrete




Cost to FDIC: $ 16 million