Rainier Pacific Bank

Status:Inactive as of 2010-02-26
 Absorption - Assisted
Corrections
Successor Bank:Umpqua Bank
Headquarters:Rainier Pacific Bank
1498 Pacific Avenue
Tacoma, WA 98402
Established:1933-10-05
FDIC Insurance:2001-01-01
FDIC Cert:#38129
Charter Class:Savings banks, state charter, supervised by the FDIC
# of Branches:14
Total Assets:$717,806,000
Total Deposits:$446,192,000

History

1986-06-09Institution established but was not FDIC insured. Original name: EDUCATIONAL EMPLOYEES CREDIT UNION
1995-10-16Changed name to RAINIER PACIFIC, A COMMUNITY CREDIT UNION
2001-01-01Became FDIC insured.
2001-01-01Changed institution class to FDIC SUPERVISED SAVINGS BANK
2001-01-01Changed institution class to FDIC SUPERVISED SAVINGS BANK
2001-01-01Changed primary regulatory agency from NATIONAL CREDIT UNION ASSOCIATION to FEDERAL DEPOSIT INSURANCE CORPORATION
2001-01-01Changed organization type to MUTUAL SAVINGS BANK
2001-01-01Moved bank headquarters from TACOMA, WA to FIFE, WA
2001-01-01Changed name to Rainier Pacific Savings Bank
2001-06-06Changed name to Rainier Pacific Bank
2004-12-03Moved bank headquarters from FIFE, WA to TACOMA, WA
2010-02-26Failed. Acquired with government financial assistance and subsequently operated as part of Umpqua Bank (17266)
2010-06-18Acquired Nevada Security Bank (57110) in RENO, NV as part of a government assisted transaction.
2012-11-14Acquired Circle Bank (32743) in NOVATO, CA
2014-04-18Acquired Sterling Savings Bank (32158) in SPOKANE, WA

Financial Information (2009-12-31 and Older)