Venture Bank
Lacey, WA · Owner: Venture Financial Group Inc
$968M
total assets, June 30, 2009
$968M
total assets, June 30, 2009
Venture Bank was a state nonmember bank in Lacey, WA, owned by Venture Financial Group Inc. It failed on Sep 11, 2009, and First-citizens Bank & Trust Company took over its deposits. At its last report it held $968.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Sep 11, 2009
- Assets
- $968M
- Deposits
- $918M
- Estimated cost
- $201M
- Deposits went to
- First-citizens Bank & Trust Company, Raleigh, NC
Total assets
$968M
-20.9% in a year · -9.5% in a quarter
Deposits
$918M
+0.1% in a year · -8.8% in a quarter
Loans
$689M
-15.8% in a year · -5.7% in a quarter
Profit so far
-$22.7M
Jan 1 to Jun 30, 2009 · -542.3% in a year
Capital ratio
3.13%
-4.42 pts in a year
Return on assets
-4.31%
-5.16 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 721 College Street, Lacey, WA, 98503
- County
- Thurston
- Holding company
- Venture Financial Group Inc
- Established
- May 24, 1979
- Failed
- Sep 11, 2009
- Employees
- 200
- Branches
- 20
- Id
- b22868
Quarter by quarter
March 31, 1984 to June 30, 2009
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 Venture Bank?
$968.4 million in total assets and $917.7 million in deposits as of June 30, 2009, with assets down 20.9% from a year before. Its loans were $688.9 million.
How many branches does Venture Bank have?
20 branches in Washington as of June 30, 2026.
Is Venture Bank profitable?
No: it lost $22.7 million from January 1 to June 30, 2009. Its return on assets was -4.31% a year; about 1% is typical.
Who owns Venture Bank?
Venture Bank is owned by Venture Financial Group Inc, its holding company.
When did Venture Bank fail?
Sep 11, 2009. First-citizens Bank & Trust Company of Raleigh, NC took over its deposits. The estimated cost of the failure was $201.1 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.