Regulators shut down two Western banks
1 min readRegulators shut down two Western banks
The Washington Department of Financial Institutions shut down Rainier Pacific Bank, of Renton, and appointed the Federal Deposit Insurance Corp. as receiver. The FDIC arranged for Umpqua Bank, of Roseburg, Ore., to take over the failed bank’s $446.2 million in deposits and $670.1 million of its assets.
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