Business NewsMarketWire • EvergreenBancorp Announces FDIC Receivership of Its Bank Subsidiary, EvergreenBank

EvergreenBancorp Announces FDIC Receivership of Its Bank Subsidiary, EvergreenBank

EvergreenBancorp Announces FDIC Receivership of Its Bank Subsidiary, EvergreenBank

SEATTLE, WA--(Marketwire - January 23, 2010) - EvergreenBancorp, Inc. (OTCBB: EVGG), the bank holding company for EvergreenBank, today announced that EvergreenBank was closed this afternoon by the State of Washington Department of Financial Institutions and the Federal Deposit Insurance Corporation (the "FDIC") has been appointed as receiver of EvergreenBank. Beginning on January 25, 2010, the 7 branch offices of the EvergreenBank will reopen as branches of Umpqua Bank. Customers who have questions about the closure of EvergreenBank may visit the FDIC's web site at http://www.fdic.gov or call the FDIC toll-free at 1-800-528-6215.

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EvergreenBancorp Announces FDIC Receivership of Its Bank Subsidiary, EvergreenBank