Pierce Commercial Bank
Tacoma, WA · Owner: Pierce County Bcorp
$221M
total assets, September 30, 2010
$221M
total assets, September 30, 2010
Pierce Commercial Bank was a state member bank in Tacoma, WA, owned by Pierce County Bcorp. It failed on Nov 5, 2010, and Heritage Bank took over its deposits. At its last report it held $221.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2010
This bank failed
- Failed on
- Nov 5, 2010
- Assets
- $221M
- Deposits
- $193M
- Estimated cost
- $26.8M
- Deposits went to
- Heritage Bank, Olympia, WA
Total assets
$221M
-14.5% in a year · -7.5% in a quarter
Deposits
$193M
-18.0% in a year · -8.1% in a quarter
Loans
$172M
-16.0% in a year · -0.7% in a quarter
Profit so far
-$8.3M
Jan 1 to Sep 30, 2010
Capital ratio
1.97%
-3.86 pts in a year
Return on assets
-4.49%
+1.69 pts in a year
Facts
- Type
- State member bank
- Head office
- 1722 South Union Avenue, Tacoma, WA, 98405
- County
- Pierce
- Holding company
- Pierce County Bcorp
- Established
- Dec 8, 1997
- Failed
- Nov 5, 2010
- Employees
- 29
- Branches
- 1
- Id
- b34411
Quarter by quarter
December 31, 1997 to September 30, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Pierce Commercial Bank?
$221.1 million in total assets and $193.5 million in deposits as of September 30, 2010, with assets down 14.5% from a year before. Its loans were $171.5 million.
How many branches does Pierce Commercial Bank have?
1 branch in Washington as of June 30, 2026.
Is Pierce Commercial Bank profitable?
No: it lost $8.26 million from January 1 to September 30, 2010. Its return on assets was -4.49% a year; about 1% is typical.
Who owns Pierce Commercial Bank?
Pierce Commercial Bank is owned by Pierce County Bcorp, its holding company.
When did Pierce Commercial Bank fail?
Nov 5, 2010. Heritage Bank of Olympia, WA took over its deposits. The estimated cost of the failure was $26.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.