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Board Report: 2013-IE-B-002 March 22, 2013

Review of the Failure of Bank of Whitman

available formats

Report Contributors

Laura R. Shakarji, Project Leader and Senior Auditor
Jennifer L. Ksanznak, Auditor
Charles M. Liuksila, Auditor
Michael P. VanHuysen, Acting Associate Inspector General for Inspections and Evaluations and Senior OIG Manager
Anthony J. Castaldo, Associate Inspector General for Inspections and Evaluations (retired)


ALLL Allowance for Loan and Lease Losses
CBEM Commercial Bank Examination Manual
CEO Chief Executive Officer
CFO Chief Financial Officer
CLO Chief Lending Officer
CRE Commercial Real Estate
DIF Deposit Insurance Fund
Dodd-Frank Act Dodd-Frank Wall Street Reform and Consumer Protection Act
FDI Act Federal Deposit Insurance Act
FDIC Federal Deposit Insurance Corporation
Federal Reserve Board Board of Governors of the Federal Reserve System
FRB San Francisco Federal Reserve Bank of San Francisco
OREO Other Real Estate Owned
PCA Prompt Corrective Action
SR Supervision and Regulation
State Washington State Department of Financial Institutions
Whitman Bank of Whitman