Bank failure · WA
Pierce Commercial Bank (Tacoma, WA) — failed November 5, 2010
Pierce Commercial Bank of Tacoma, Washington was closed on November 5, 2010 and resolved through a purchase and assumption. Heritage Bank (WA) took over its insured deposits. At failure it held $221.1M in assets and $193.5M in deposits. The FDIC's estimated loss on the failure is $26.8M (12.1% of assets).
- Closing date
- November 5, 2010
- FDIC certificate #
- 34411
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Heritage Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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