Frontier Bank
Everett, WA · Owner: Frontier Financial Corp
$3.3B
total assets, March 31, 2010
$3.3B
total assets, March 31, 2010
Frontier Bank was a state nonmember bank in Everett, WA, owned by Frontier Financial Corp. It failed on Apr 30, 2010, and Union Bank, National Association took over its deposits. At its last report it held $3.3 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Apr 30, 2010
- Assets
- $3.3B
- Deposits
- $2.8B
- Estimated cost
- $454M
- Deposits went to
- Union Bank, National Association, San Francisco, CA
Total assets
$3.3B
-21.6% in a year · -9.5% in a quarter
Deposits
$2.8B
-15.3% in a year · -8.9% in a quarter
Loans
$2.7B
-27.0% in a year · -6.9% in a quarter
Profit so far
-$45.1M
Jan 1 to Mar 31, 2010
Capital ratio
0.43%
-6.94 pts in a year
Return on assets
-5.27%
-2.09 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 332 Southwest Everett Mall Way, Everett, WA, 98204
- County
- Snohomish
- Holding company
- Frontier Financial Corp
- Established
- Sep 6, 1978
- Failed
- Apr 30, 2010
- Employees
- 706
- Branches
- 51 in 2 states
- Id
- b22710
Quarter by quarter
March 31, 1984 to March 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Frontier Bank?
$3.3 billion in total assets and $2.8 billion in deposits as of March 31, 2010, with assets down 21.6% from a year before. Its loans were $2.7 billion.
How many branches does Frontier Bank have?
51 branches in 2 states as of June 30, 2026.
Is Frontier Bank profitable?
No: it lost $45.1 million from January 1 to March 31, 2010. Its return on assets was -5.27% a year; about 1% is typical.
Who owns Frontier Bank?
Frontier Bank is owned by Frontier Financial Corp, its holding company.
When did Frontier Bank fail?
Apr 30, 2010. Union Bank, National Association of San Francisco, CA took over its deposits. The estimated cost of the failure was $453.9 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.