DuPONT - The dismantling of a business fixture in DuPont continued over the weekend with the auctioning of office furniture and computers, four months after remaining Venture Bank staff members were moved to an office in Lacey.
The auction, conducted on behalf of the Federal Deposit Insurance Corp. by Rick Levin & Associates of Chicago, ended Tuesday, and winning bidders can pick up their items today through Friday at the bank’s former headquarters in DuPont. Ira Lauter, account manager for the company, declined to say how much was raised because he is limited in what can be disclosed when working with the FDIC, he said.
More than 1,000 items were up for bid, including laptop computers, copiers, laser printers, phones, calculators and furniture. A check of the Rick Levin website showed that nearly every item received a bid or multiple bids. A 5-foot artificial plant received 11 bids and sold for $25. A dual-door commercial refrigerator received 23 bids and sold for $1,220, according to the website.
Venture Bank was closed by state and federal regulators and sold to First-Citizens Bank & Trust of North Carolina on Sept. 11 because of problem loans tied to real estate development and investment losses. The estimated loss to the FDIC’s Deposit Insurance Fund was $298 million.
Rolf Boone: 360-754-5403 firstname.lastname@example.org www.theolympian.com/bizblog