Rainier Pacific Bank
Tacoma, WA · Owner: Rainier Pacific Finl Group Inc
$718M
total assets, December 31, 2009
$718M
total assets, December 31, 2009
Rainier Pacific Bank was a state savings bank in Tacoma, WA, owned by Rainier Pacific Finl Group Inc. It failed on Feb 26, 2010, and Umpqua Bank took over its deposits. At its last report it held $717.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Feb 26, 2010
- Assets
- $718M
- Deposits
- $446M
- Estimated cost
- $2.8M
- Deposits went to
- Umpqua Bank, Roseburg, OR
Total assets
$718M
-15.2% in a year · -6.0% in a quarter
Deposits
$446M
-14.7% in a year · -4.8% in a quarter
Loans
$564M
-16.1% in a year · -3.4% in a quarter
Profit so far
-$69.0M
Jan 1 to Dec 31, 2009
Capital ratio
1.69%
-5.61 pts in a year
Return on assets
-8.61%
-6.99 pts in a year
Facts
- Type
- State savings bank
- Head office
- 1498 Pacific Avenue, Tacoma, WA, 98402
- County
- Pierce
- Holding company
- Rainier Pacific Finl Group Inc
- Established
- Oct 5, 1933
- Failed
- Feb 26, 2010
- Employees
- 191
- Branches
- 14
- Id
- b38129
Quarter by quarter
March 31, 2001 to December 31, 2009
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 Rainier Pacific Bank?
$717.8 million in total assets and $446.2 million in deposits as of December 31, 2009, with assets down 15.2% from a year before. Its loans were $564.1 million.
How many branches does Rainier Pacific Bank have?
14 branches in Washington as of June 30, 2026.
Is Rainier Pacific Bank profitable?
No: it lost $69.0 million from January 1 to December 31, 2009. Its return on assets was -8.61% a year; about 1% is typical.
Who owns Rainier Pacific Bank?
Rainier Pacific Bank is owned by Rainier Pacific Finl Group Inc, its holding company.
When did Rainier Pacific Bank fail?
Feb 26, 2010. Umpqua Bank of Roseburg, OR took over its deposits. The estimated cost of the failure was $2.75 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.