# PIERCE COMMERCIAL BANK

> **Failed bank** · TACOMA, WA · failed 2010-11-05 · State commercial bank, Federal Reserve member · FDIC cost $27M

## What happened

PIERCE COMMERCIAL BANK of TACOMA, WA was closed by state regulators on **2010-11-05**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **HERITAGE BANK** (OLYMPIA, WA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3874
- **FDIC Certificate:** 34411
- **FDIC FIN:** 10309
- **Bank name:** PIERCE COMMERCIAL BANK
- **Location:** TACOMA, WA
- **Failure date:** 2010-11-05
- **FDIC resolution date:** 2010-11-05
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $27M
- **Deposits at failure:** $193M
- **Assets at failure:** $221M
- **Acquiring bank:** HERITAGE BANK (OLYMPIA, WA)

## Other banks HERITAGE BANK has acquired in FDIC resolutions

- THE COWLITZ BANK (LONGVIEW, WA) — failed 2010-07-30 — /failed-bank/3838
- SHERMAN COUNTY BANK (LOUP CITY, NE) — failed 2009-02-13 — /failed-bank/3603

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PIERCE%20COMMERCIAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PIERCE COMMERCIAL BANK (FDIC ID 3874), failed 2010-11-05. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3874.

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