Washington State Division of Banks
The Division of Banks (DOB) was organized in 1907 and administers Title 30, Title 32, and Title 33 of the Revised Code of Washington. Brad Williamson is the Division Director.
The division regulates more than 90 Washington State-chartered commercial banks, stock savings banks, mutual savings banks, alien banks, savings and loan associations, and independent trust companies.
We charter new banks, business development corporations, trust companies, foreign banks, and savings & loan associations. Also, we authorize new branches and branch closures; and approve mergers & acquisitions. Learn more about the Division of Banks.
What's New
Below you will find what's new from the Division of Banks.
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Semi Annual Assessment Due No Later Than January 31, 2009
Based on assets as of December 31, 2008.
Download Worksheet (Excel)
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FDIC Temporarily Raises Insurance Coverage To $250,000
On October 03, 2008 President Bush signed the Economic Stabilization Act of 2008 which raises the FDIC insurance coverage from $100,000 per account to $250,000 until December 31, 2009. Learn more.
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JPMorgan Chase Acquires Banking Operations of Washington Mutual
JPMorgan Chase acquired the banking operations of Washington Mutual Bank in a transaction facilitated by the Federal Deposit Insurance Corporation. All depositors are fully protected and there will be no cost to the Deposit Insurance Fund.
View Press Release From The FDIC
Information For WaMu Customers From The FDIC
- SHB 2770 Rulemaking - "Disclosure Summary"
Disclosure summary rules draft and draft model disclosure summary are now available online for review. Learn more. - DFI Director Writes Letter To Members Of The FFIEC Regarding The Need For Financial Literacy
Outreach Efforts
Nationally And In Washington
DFI Director Scott Jarvis recently wrote a letter to members of the Financial Institutions Examinations Council (FFIEC) expressing the need for financial literacy outreach efforts both nationally and in Washington State. View letter and response from members of the FFIEC (PDF)*.
Who We Regulate
The Division of Banks regulates the business activities of the following entities:
- Commercial Banks & Savings Institutions
- Trust Companies & Trust Departments
- Business Development Corporations, Small Business (7a) Lenders, & Agencies of Non-U.S. Banks
Note: Washington Mutual Bank is no longer regulated by DFI. Send complaints against Washington Mutual Bank to the Office of Thrift Supervision (OTS).
Contact Us
Mailing Address:
Department of Financial Institutions
Division of Banks
PO Box 41200
Olympia, WA 98504-1200
Phone Numbers:
Phone: 360-902-8704
Toll Free: (877) RING DFI (746-4334)
TDD: (360) 664-8126
Fax: 360-753-6070
Email: banks@dfi.wa.gov
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
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