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The FDIC immediately entered into a purchase and assumption agreement with Union Bank, NA headquartered in San Francisco. Union Bank will assume all deposits and certain assets of Frontier Bank, except certain brokered deposits, which will be paid out by the FDIC.
“Frontier Bank’s capital has been depleted by large loan losses and loan loss reserve provisions associated with its real estate construction loan portfolio,” Brad Williamson, Director of DFI’s Division of Banks explained. “Frontier’s management team has worked hard to recapitalize the bank throughout the past year. However, the economic climate has made this task very difficult and the continuing loan losses finally brought the bank’s capital to an unsustainable level.”Waste Management, workers ratify five-year contract
"Our hardworking, professional drivers have endorsed a contract that will provide fair wages and benefits for many families in the Puget Sound Region," said Dean Kattler, vice president for Waste Management's Pacific Northwest operations. "Although we are not at liberty to discuss the specifics of the final contract, we are glad that the drivers voted to accept the terms of the contract. We look forward to continuing to provide our customers in communities in King and Snohomish counties with excellent service."UPDATE | Bail set for suspects in armed robbery of Arlington woman
Detectives from the state patrol's Major Accident Investigation Team are looking for witnesses who saw the events leading up to the collision, which took place just before 1:30 p.m. near mile post 205 on northbound I-5.UPDATED | Marysville police investigating Thursday evening bank robbery
Tita Mallory, who spent the last eight years as director of curriculum, instruction and assessment for the Aberdeen School District, begins her new position with the district July 1.
Mallory takes over for Cathy Anderegg, who has held the position in Lakewood for the past two years.Tulalip Police searching for suspects in armed robbery at Seattle Premium Outlet Mall
According to Tulalip Tribal Police, two of the store's employees were preparing to open the store to customers when the bell rang for the delivery door at the back of the store.It’s easier than we think
Imagine what it’s like for adults with developmental conditions like Down Syndrome, cerebral palsy and autism—who may have all the necessary skills for employment, but are often overlooked because employers have preconceived notions about their on-the-job needs and limitations. What I’ve witnessed, however, is that building an inclusive workplace is easier than we think…Arlington, Marysville students graduate EvCC
The college’s commencement ceremony takes place at 7 p.m. at Comcast Arena, and seven local graduates have been named Everett Community College 2010 Outstanding Graduates.
Those 24 graduates include Beau Baker (engineering), Clyde Downing (physics), Susan Fulfs (business technology), Natali Gonzalez (cosmetology) and Connor Woodward (chemistry) from Marysville and Sharil Kallstrom (nursing) and Jongseo Park (mathematics) from Arlington.