Commencement Bank

Commencement Bank Overview

Commencement Bank, founded in December 11, 2006, is currently an inactive FDIC insured bank. The chartering agency for Commencement Bank is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Commencement Bank has an FDIC insurance membership with the DIF – Deposit Insurance Fund and is regulated by the Federal Reserve Board (FRB).

Commencement Bank is assigned uner the San Francisco Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on December 11, 2006.

Address Location and Maps for Commencement Bank

Bank Name Commencement Bank FDIC Bank Location for Commencement Bank
Address 1135 Broadway Plaza, Suite 103
Tacoma, WA 98402
County: Pierce
Bank’s State: Washington
Website: http://www.commencementbank.com:80/

 

Commencement Bank Detailed Information

FDIC Certificate ID 58446
Bank Institution Name Commencement Bank
Is the Bank Active? Inactive
Office of Thrift Supervision Docket ID Not an OTS Member
Total Assets $120,153,000
Total Deposits $100,560,000
Regulator Federal Reserve Board (FRB)
Bank Charter Class SM – Commercial Bank. Bank is supervised by the Federal Reserve Board (FRB). State Charter and Fed member
FDIC Bank’s Chartering Agency State
Bank is FDIC Insured No, FDIC insured bank is NOT a member of the Bank Insurance Fund
Bank Insurance Fund DIF – Deposit Insurance Fund
Date of Deposit Insurance December 11, 2006
Change Code 470
Change Code Description Change in FDIC Insured Bank’s Primary Regulatory Agency
OCC Bank Charter Number No FDIC Bank Charter Number
Conservatorship FDIC insured bank is not being operated by government conservatorship.
Inactive Bank that used to be FDIC insured? No
Credit Card Institution No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold.
Insured Commercial Banks Yes
FDIC Supervisory Region San Francisco
Insured Savings Institution No, Bank is not Savings Association Insurance Fund (SAIF) insured
State Charter Yes
County Pierce
Office of Thrift Supervision Region West
Assigned Federal Reserve District San Francisco
Oakar Institutions No
FDIC Field Office 0
Insured offices of foreign banks 0

Commencement Bank is insured by the Federal Deposit Insurance Corporation (FDIC)

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