Seafirst Bank

Seafirst Corporation
Seafirst Bank
Company type
  • Public (1974–1983)
  • Subsidiary (1983–1999)
NYSE: SFC
IndustryBanking
FoundedNovember 11, 1929; 94 years ago (1929-11-11) in Seattle, Washington (as First Seattle Dexter Horton National Bank)
July 1, 1977; 47 years ago (1977-07-01) (as Seafirst Corporation)
DefunctSeptember 27, 1999; 24 years ago (1999-09-27)
FateMerged into Bank of America
SuccessorBank of America
HeadquartersSeattle, Washington
Area served
Washington
ParentBankAmerica (1983–1999)
SubsidiariesSeattle-First National Bank
The Bank of Dexter Horton & Co., First South and Washington in Seattle's Pioneer Square neighborhood, 1900. As of 2009 the building is still in use as the Maynard Building.

Seafirst Corporation was an American bank holding company based in Seattle, Washington. Its banking subsidiary, Seafirst Bank, was the largest bank in Washington, with 235 branches and 497 ATMs across the state.[1][2]

Formed in 1929 via the merger of Seattle's three largest banks, Seafirst was acquired in 1983 by BankAmerica after posting huge losses from loans it purchased from the failed Penn Square Bank; the Seafirst brand was retired in 1999 after NationsBank acquired BankAmerica the previous year and subsequently implemented the Bank of America brand nationwide.

  1. ^ Goldfield, Robert (September 26, 1999). "Seafirst brand dies as B of A finally emerges". Portland Business Journal. Retrieved February 12, 2022.
  2. ^ Buck, Richard (November 9, 1996). "Seafirst Adds Noncustomer ATM Fee -- Bank Is First In State To Implement Extra Charge For Cash-Machine Use". The Seattle Times. Retrieved February 12, 2022.