WASHINGTON'S LEADING BUSINESS MAGAZINE

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Venture bank closes

|   November 2009   |  FROM THE PRINT EDITION

Venture Bank, a Lacey bank hampered by losses from real estate investments and stock in collateralized debt offerings, has been closed by regulators and its deposits turned over to First-Citizens Bank & Trust, headquartered in Raleigh, N.C. The bank's 18 branches have reopened under its new owner's name. Venture Bank is the third in Washington to fail this year.

 

 

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