Are you kidding me with that reply. You should have an understading of the topic before you broadcast false information. Here is the accurate answer - Do not listen to Skang357. Correct Info: FTBK was issued a Cease and Desist order over 1 YEART AGO ~ back in March of 2009. Then about 2 MONTH ago they were issues a Corrective Action Directive. The Corrective Action Directive is fair more serious than a Cease and Desist Order. You would be shocked to learn how many bank are operating with a simple Cease and Desist for the FDIC. The fact is that a Corrective Action Directive is the most serious thing that the FDIC can do to a bank prior to shutting the doors. ALL of the other banks that have been closed down in Washington State were also issued the Corrective Action Directive.
People normally I do not chimn in but when somebody with little understanding of the FDIC makes a statement with so much authority and that statement is materially false somebody needs to set the record straight. Regardless of people opinion of this institution, one should have accurate information. Thanks