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Pierce Commercial Bank, Tacoma, Washington, Closed By Regulators

November 5, 2010 By Bill Zielinski Leave a Comment

November 5, 2010 – Pierce Commercial Bank of Tacoma, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the FDIC as receiver.  Heritage Bank, Olympia, Washington, agreed to purchase the failed bank, assuming all deposits and purchasing all assets of failed Pierce Bank. The one branch of Pierce Bank will reopen […]

Filed Under: Bank Failure, Banking News, Failed Banks, Financial Crisis, problem banks, TARP Program Tagged With: Heritage Bank buys second failed bank, Pierce Bank fails

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