Washington Federal, perhaps the strongest of Washington’s community banks, has picked off the assets of 2010’s first FDIC seized bank:
http://money.cnn.com/2010/01/09/news/economy/first_2010_bank_failure/index.htm
Those WaFed guys are smart…well capitalized. They got burned a little, but they’ve managed the crisis better than nearly any other local lender who went long into construction and development.