The Federal Deposit Insurance Corp. last week sent Tacoma-based Rainier Pacific Financial Group a Supervisory Prompt Corrective Action Directive making two demands.Because the bank had earlier been declared under-capitalized, said the directive, and because an earlier capital restoration plan had been deemed unacceptable, and because the Bank's condition continues to deteriorate, the agency demanded that the bank take one or both of two suggested actions within 60 days.First, R...
aggregated: 26 weeks 3 days ago | 95 views
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