Commencement Bank is a Commercial bank, state charter, Fed member, and supervised by the Federal Reserve Bank (FRB) based in Tacoma, Washington, established in 12/11/2006. Operating with a focus on Commercial Lending Specialization, it offers a broad range of financial services across its 5 domestic offices and 0 foreign offices. As of the last update on 04/12/2024, Commencement Bank reported total assets of $585,965 and manages deposits totaling $531,248 from its domestic operations. This institution is recognized for its commitment to stability and growth, reflected in a net income of $849 thousands last year. For more details, visit their website at www.commencementbank.com.
Bank Information:
- Bank Name: Commencement Bank
- Address: 1102 Commerce St, Tacoma, Pierce, WA, 98402
- Website: www.commencementbank.com
Classification and Operations:
- State: Washington
- Institution Class: Commercial bank, state charter, Fed member, and supervised by the Federal Reserve Bank (FRB)
- Bank Class: State commercial bank, FRS member
- Specialization: Commercial Lending Specialization
- Regulatory Reporting Form Number:
Bank Office and Assets:
- Number of Domestic Offices: 5
- Number of Foreign Offices: 0
- Total Assets: $585,965
- Total Deposits: $531,248
- Domestic Office Deposits: $531,248
Financial Data:
- Net Income (Attributable to Bank): $849
Establishment and Record:
- Established Date: 12/11/2006
- Last Recorded Data on: 04/12/2024