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One of the more than 30 credit unions that have converted to or merged with mutual banks became the 209th bank to fail since 2000 and the 22nd to fail this year.

Rainier Pacific Bank’s life came to an end at the close of business on Feb. 26, when officials from the Washington Department of Financial Institutions closed the bank and, in an arrangement with the FDIC, acceded to a purchase and assumption agreement with the Umpqua Bank in Roseburg, Ore., according to a DFI statement.

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