Washington First is Washington's 7th!

Today, Washington First International Bank of Seattle, Washington became the state's 7th bank to be closed this year. Washington First has approximately $521 million in assets and placed 21st on the list. Washington First has been faced with continuing losses and has drawn the scrutiny of the regulators previously. It is the 10th bank measured to be closed since the blog began on May 23rd and the 7th in the top 25.