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Seafirst Corporation Bond Certificate - Seattle Harbor Scene

$4.99 Buy It Now Unsold, $3.50 Shipping, 30-Day Returns, eBay Money Back Guarantee

Seller: stocklobster (12,867) 100%, Location: Cold Spring, New York, Ships to: Worldwide, Item: 113209148938 Seafirst CorporationBond Certificate Seafirst Corporation was a bank holding company based in Seattle, Washington. Formed on November 11, 1929, from the merger of Seattle's three largest banks, the First National Bank Group, the Dexter Horton National Bank (founded 1870 by Dexter Horton,) and the Seattle National Bank, the bank was originally named First Seattle Dexter Horton National Bank. In 1931, the bank changed its name to First National Bank of Seattle, and again in 1935 to Seattle-First National Bank. In 1970 it was using the name Firstbank, and in 1974 the name Seafirst was adopted instead. Seafirst was acquired by BankAmerica Corp. in 1983, when Seafirst was at risk of seizure by the federal government after becoming insolvent following the demise of Oklahoma City-based Penn Square Bank. Seafirst had acquired a significant share of Penn Square's energy loan debt by participating in loans originated by that bank. Penn Square Bank collapsed in 1982, and the FDIC's decision to pay off only insured deposits rendered the participation assets valueless. The corporation and its primary subsidiary, Seattle-First National Bank, maintained the Seafirst Bank name and brand identity. During the 1980s and much of the 1990s Seafirst Bank maintained a high degree of autonomy and reigned as the largest bank in Washington. Following the 1998 merger of BankAmerica Corp. and NationsBank Corp. into the modern Bank of America Corporation, Seafirst finally assumed the Bank of America brand in 2000. You will receive the exact certificate pictured. All certificates are sold only as collectible pieces, as they are either canceled or obsolete. All pieces sold are originals - no reproductions! Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. We offer flat rate shipping - whether you order 1 certificate or 100 - you pay only the published flat rate. To take advantage of our flat rate shipping offer, you must add all of the pieces you would like to your eBay cart and perform a single checkout. If you use "Buy It Now" for each individual certificate, you will be charged a shipping charge each time - this is an unfortunate limitation of the eBay system.

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