RAINIER PACIFIC BANK Failed 2010
What happened
RAINIER PACIFIC BANK of TACOMA, WA was closed on 2010-02-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UMPQUA BANK (ROSEBURG, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3754
- FDIC Certificate
- 38129
- FDIC FIN
- 10189
- Bank name
- RAINIER PACIFIC BANK
- Location
- TACOMA, WA
- Failure date
- 2010-02-26
- FDIC resolution date
- 2010-02-26
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $446M
- Assets at failure
- $718M
- Acquiring bank
- UMPQUA BANK (ROSEBURG, OR)
Other banks UMPQUA BANK acquired in FDIC resolutions