Just two hours after we got back from a day-trip to Bremerton and its beautiful waterfront, we got an email announcing that Bremerton's Westsound Bank was defunct. The Washington Department of Financial Institutions (DFI) took possession, "citing severe asset problems, significant losses and inadequate capital," brought in the Federal Deposit Insurance Corporation (FDIC), and the FDIC sold Westsound to Kitsap Bank of Port Orchard. more ›

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