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Seafirst Banking Commercial (1993)
Seafirst Banking Commercial (1993)
Published: 2015/08/20
Channel: Alfaz
Seafirst Switch
Seafirst Switch
Published: 2011/09/13
Channel: bogwood747
Expo 86 Seafirst Bank 1986 TV ad
Expo 86 Seafirst Bank 1986 TV ad
Published: 2010/10/03
Channel: robatsea2009
Seafirst Bank Commercials
Seafirst Bank Commercials
Published: 2011/04/23
Channel: bogwood747
SeaFirst Bank Commercial 1996
SeaFirst Bank Commercial 1996
Published: 2015/12/30
Channel: nathanolson
Seafirst Bank Commercials 1985 - High Jump, Skiing, Football
Seafirst Bank Commercials 1985 - High Jump, Skiing, Football
Published: 2010/05/02
Channel: William Smith
Seafirst Bank Commercial  - Peg Phillips  - We Were There (1987)
Seafirst Bank Commercial - Peg Phillips - We Were There (1987)
Published: 2017/04/25
Channel: member berries
Rainier Bank 1984 TV commercial
Rainier Bank 1984 TV commercial
Published: 2013/04/14
Channel: robatsea2009
Seafirst Legends
Seafirst Legends
Published: 2011/06/13
Channel: bogwood747
1996 Golden Apple Award Winner: Seafirst Youth Job Program
1996 Golden Apple Award Winner: Seafirst Youth Job Program
Published: 2009/01/28
Channel: KCTS9
Expo 86 TV Commercials
Expo 86 TV Commercials
Published: 2016/06/12
Channel: Ilkay Eris
Seafirst Commercial - Chris Gobrecht (Huskies Coach)
Seafirst Commercial - Chris Gobrecht (Huskies Coach)
Published: 2011/06/13
Channel: bogwood747
Seafirst - Shawn Kemp Commercial (Sonics)
Seafirst - Shawn Kemp Commercial (Sonics)
Published: 2011/06/13
Channel: bogwood747
Seattle First Bank 1977 TV commercial
Seattle First Bank 1977 TV commercial
Published: 2011/06/06
Channel: robatsea2009
Rainier Bank
Rainier Bank
Published: 2010/03/03
Channel: thevideographyco
First Sentry Bank "I did" Commercial One
First Sentry Bank "I did" Commercial One
Published: 2011/12/09
Channel: BulldogWorks
Seattle-First National Bank TV ads - 1981
Seattle-First National Bank TV ads - 1981
Published: 2008/06/13
Channel: Shocccker
Columbia Center (HD)
Columbia Center (HD)
Published: 2011/07/17
Channel: SkylinesHD
Seafirst Commercial - KC Jones (Supersonics)
Seafirst Commercial - KC Jones (Supersonics)
Published: 2011/06/13
Channel: bogwood747
Seafirst Skier
Seafirst Skier
Published: 2014/05/10
Channel: tvrepeater
Classic Commercials Bank of America Timeplan 60s
Classic Commercials Bank of America Timeplan 60s
Published: 2011/01/24
Channel: Jon Chengary
bank of america commercial - 1983
bank of america commercial - 1983
Published: 2014/12/14
Channel: pixierocket
Rainier Bank
Rainier Bank
Published: 2010/03/03
Channel: thevideographyco
Kurt Cobain Case, The missing Credit Card
Kurt Cobain Case, The missing Credit Card
Published: 2017/07/26
Channel: Cadomo Sting
The John Report ( S09E08 )
The John Report ( S09E08 )
Published: 2010/04/04
Channel: GeorgeBuford
Rainier Bank
Rainier Bank
Published: 2010/03/03
Channel: thevideographyco
Portland State University: Take a Closer Look (1989)
Portland State University: Take a Closer Look (1989)
Published: 2015/10/05
Channel: Portland State University
City National Bank (Baton Rouge Vintage Commercials)
City National Bank (Baton Rouge Vintage Commercials)
Published: 2010/08/20
Channel: jacky9br
Rainier Bank
Rainier Bank
Published: 2010/03/03
Channel: thevideographyco
Rainier Bank
Rainier Bank
Published: 2010/03/03
Channel: thevideographyco
PEX Podcast - Paco Underhill Episode 21!
PEX Podcast - Paco Underhill Episode 21!
Published: 2017/09/07
Channel: PEX Network
SSON Podcast - Paco Underhill Episode 21!
SSON Podcast - Paco Underhill Episode 21!
Published: 2017/09/04
Channel: SSON
KAPP-35 (ABC) commercials, 10/26/1979 part 7
KAPP-35 (ABC) commercials, 10/26/1979 part 7
Published: 2017/07/31
Channel: VHSgoodiesWA3
The John Report ( S09E05 )
The John Report ( S09E05 )
Published: 2009/12/16
Channel: GeorgeBuford
October 14, 1990 commercials
October 14, 1990 commercials
Published: 2016/03/13
Channel: pannoni4
KAPP/ABC commercials, New Year
KAPP/ABC commercials, New Year's Day 1991 part 17
Published: 2016/10/18
Channel: VHSgoodiesWA
KNDO/NBC commercials, 12/9/1990 part 22
KNDO/NBC commercials, 12/9/1990 part 22
Published: 2016/12/11
Channel: VHSgoodiesWA
KAPP/ABC commercials, New Year
KAPP/ABC commercials, New Year's Day 1991 part 24
Published: 2016/10/18
Channel: VHSgoodiesWA
BCB Bank - 2015 North Jersey Woman Expo
BCB Bank - 2015 North Jersey Woman Expo
Published: 2015/12/17
Channel: aciemstudios
Columbia Center  @ Seattle
Columbia Center @ Seattle
Published: 2017/01/15
Channel: Richard Ocasio
CX Podcast - Paco Underhill Episode 21!
CX Podcast - Paco Underhill Episode 21!
Published: 2017/09/06
Channel: CX Network
Crocker Bank commercial 1978
Crocker Bank commercial 1978
Published: 2011/05/22
Channel: MrClassicAds1970s
Seattle from the Columbia Seafirst Center
Seattle from the Columbia Seafirst Center
Published: 2008/08/13
Channel: 1LordiFan1
Green Checking: Bet you
Green Checking: Bet you've never seen a bank commercial like this!
Published: 2017/03/17
Channel: WAFD
Seafirst promo
Seafirst promo
Published: 2010/11/23
Channel: Sea First Foundation
Is Opus Bank Or Best Buy ?
Is Opus Bank Or Best Buy ?
Published: 2015/03/18
Channel: Richard Francisco Pelaez jr.
Pullman’s Burgerville (later a Daily Grind location) torn down Nov. 10, 2008
Pullman’s Burgerville (later a Daily Grind location) torn down Nov. 10, 2008
Published: 2017/06/23
Channel: Wildcatville
Capital Bank ads (Baton Rouge Vintage Commercials)
Capital Bank ads (Baton Rouge Vintage Commercials)
Published: 2010/08/20
Channel: jacky9br
Kurt Cobain
Kurt Cobain's signed Visa credit card up for auction... with bids already reaching $16,600
Published: 2015/02/22
Channel: MediaMac
Bank of Ireland Supporting the National Business Expo 2013- Free workshops & credit clinics
Bank of Ireland Supporting the National Business Expo 2013- Free workshops & credit clinics
Published: 2013/03/27
Channel: Bank of Ireland
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WIKIPEDIA ARTICLE

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Seafirst Corporation
Seafirst Bank
  • Public (1974–1983)
  • Subsidiary (1983–1999)
Traded as NYSE: SFC
Industry Banking
Fate Merged into the new Bank of America Corporation
Successor Bank of America Corporation
Founded November 11, 1929; 87 years ago (1929-11-11) in Seattle, Washington as First Seattle Dexter Horton National Bank
July 1, 1977; 40 years ago (1977-07-01) as Seafirst Corporation
Defunct September 27, 1999; 17 years ago (1999-09-27)
Headquarters Seattle, Washington
Area served
Washington
Parent BankAmerica Corporation (1983–1999)
Subsidiaries Seattle-First National Bank
Seattle Georgetown Seafirst logo.jpg
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 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 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.[1] In 1944, the bank won a case before the US Supreme Court, United States v. Seattle-First Nat. Bank, by arguing that it did not have to pay a transfer tax when it converted from a state to a federally chartered bank. In 1970 it was using the name Firstbank;[2] in 1974 the name Seafirst was adopted instead.[3]

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.[4] 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 on September 27, 1999.[5]

History[edit]

Seafirst Corporation was formed as a bank holding company for the Seattle-First National Bank on July 1, 1974.[6]

In April 1983, San Francisco-based BankAmerica Corporation announced the pending acquisition of the ailing Seafirst Corporation for $400 million in cash and stock.[7] The acquisition was completed in July 1983.[8]

In September 1983, the bank began to use the Seafirst Bank brand for advertising purposes while still keeping Seattle-First National Bank as the legal name for the bank.[9]

See also[edit]

References[edit]

  1. ^ "Seattle-First National Bank Family Tree Through December 31, 1969", insert in Shelby Scates, Firstbank: The Story of the Seattle First National Bank (Seattle: North Pacific Bank Note Co., 1970).
  2. ^ Shelby Scates, Firstbank: The Story of the Seattle First National Bank (Seattle: North Pacific Bank Note Co., 1970), passim.
  3. ^ Virgin, Bill (September 24, 1999). "Come Monday, Seafirst name is history". Seattle Post-Intelligencer. Retrieved 2009-10-06. [dead link]
  4. ^ "Chapter 3: Penn Square Bank, N.A.". Managing the Crisis: The FDIC and RTC Experience 1980–1994 (PDF). Federal Deposit Insurance Corporation. 1998. pp. 527–542. ISBN 0-9661808-2-8. 
  5. ^ Nabbefeld, Joe (September 26, 1999). "BofA puts its name on 76-story trophy". Puget Sound Business Journal. North Carolina-based NationsBank Corp. bought BankAmerica Corp. last year to become a 21-state banking giant and said it would operate everywhere under the BofA name, including Seafirst... This summer it scheduled the name change for Sept. 27. 
  6. ^ 1974 Annual Report (Report). Seafirst Corporation. 1974. p. 2. This is our first annual report as SEAFIRST CORPORATION, a one-bank holding company approved by the shareholders a year ago. The new corporation came into existence July 1, 1974 at which time the shareholders received two shares of SEAFIRST CORPORATION stock for each share of Bank stock—a total of nine million shares. At this time, the Corporation and the Bank are the same and other subsidiaries mentioned in this report continue to be subsidiaries of the Bank. 
  7. ^ Hayes, Thomas C. (April 24, 1983). "2 Big Coast Banks Announce Merger". New York Times. 
  8. ^ "Balloons of many colors, trays of cookies and urns...". United Press International. July 1, 1983. 
  9. ^ "Seattle-First National Bank, apparently conceding its name is too...". United Press International. September 26, 1983. 

Further reading[edit]

  • The Bankoscope: Staff Publication of the Seattle-First National Bank. Special Anniversary Issue, June 1960, Volume XVIII. Seattle: Seattle-First National Bank, 1960.

External links[edit]

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