Meegan M. Reid photo
I noticed on Sunday that Columbia State Bank banners were
already covering the American Marine name at the Winslow Way
branch. State troopers were guarding the doors while federal
regulators continued with the closure and transfer process.
A quick scan of the headlines today shows that American Marine’s
closure made national – even international news – with the Wall
Street Journal, MSN, Fox News, New York Times, and news outlets in
Germany, Argentina, Malaysia and Russia reporting on it.
According to the
Seattle Times, American Marine was among six banks that closed
nationwide on Friday. Fifteen banks have been shut down since the
beginning of the year.
The other two Washington-based banks that failed in this month
are Bellingham’s Horizon Bank and Seattle’s Evergreen Bank.
For a timeline of American Marine’s rise and fall, click