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Apr 30 2010, 8:21 PM OLYMPIA – The Washington Department of Financial Institutions (DFI) closed Frontier Bank today, citing inadequate capital and severe loan losses. Immediately following the closure, DFI named the Federal Deposit Insurance Corporation (FDIC) as receiver of Frontier Bank.
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 contractMay 04 2010, 10:29 AM SNOHOMISH COUNTY — Garbage haulers and their employer recently reached agreement on a five-year contract, ratifying terms on Sunday, May 2.
"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 womanMay 12 2010, 8:53 PM MARYSVILLE - Two suspects have been arrested in connection with a robbery outside a Marysville grocery May 9 that left an Arlington woman hospitalized for her injuries. UPDATED | Stanwood motorcycle driver dies after crash near Smokey Point
May 20 2010, 5:45 AM SMOKEY POINT — A motorcyclist died after he collided with a construction vehicle on Interstate 5, causing nearly a 20-mile back up from Arlington to Everett on Wednesday, May 19. State patrol seeking witnesses of I-5 motorcycle crash which killed Stanwood man
May 20 2010, 6:13 PM SMOKEY POINT — Washington State Patrol officials are investigating a deadly collision on Interstate 5 that claimed the life of a 51-year-old Stanwood man on May 19.
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
May 21 2010, 8:32 AM
MARYSVILLE - On Thursday evening at approximately 5:05 p.m. Marysville Police responded to investigate an armed robbery of the Union Bank located in the 1000 block of State Avenue. The bank was robbed by an unshaven white male approximately 30-45 years in age. The suspect was described as being approximately 5 feet, 11 inches tall with a medium build and sandy brown hair. The man was wearing a dark gray or black Carhart brand jacket with a blue hooded sweatshirt and blue jeans.
Lakewood School District hires new administrator 
May 27 2010, 7:36 AM
LAKEWOOD - The Lakewood School District will soon have a new director of instructional programs and technology.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 MallMay 27 2010, 12:08 PM TULALIP - Tulalip Tribal Police are searching for two suspects in the armed robbery that took place at the Coach store at the Seattle Premium Outlets Mall at 7 a.m., Thursday, May 27.
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 thinkJun 02 2010, 1:36 PM Remember when you applied for your first job? Many of us had the experience of filling out an application and shakily handing it to the manager of a business, hoping to get called for an interview. And then after getting a job, going through the equally anxiety-inducing process of learning a slew of new tasks and trying to meet the expectations of a complete stranger!
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 EvCCJun 09 2010, 7:10 AM EVERETT — A number of Arlington, Marysville and Lakewood residents will be among those graduating with honors from Everett Community College June 11.
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.
