What’s with Puget Sound area banks?

Washington Mutual and now Rainier Pacific. Both have gone from riches to rags and both originated in our backyard. While not as spooky as the WaMu debacle, the Rainier Pacific dissolution seems to be exactly what this region needs to avoid. This pattern of 1 step forward and 2 steps back is not going to take our economy where it needs to go anytime soon.

Rather than a bank named Umpqua, I sincerely hope that something fun will go into the corner space at N 26th & Proctor previously used by Rainier Pacific Bank. North Tacoma needs more places to have fun and less places to do business, in my opinion. Take your business downtown!

The global economy still wavers. The stock markets are as fickle as my 5 day old daughter. Real estate may or may not be picking up steam. What are your thoughts on the economic health of the region? I give up trying to make my own predictions. Hopefully some of you will step up and risk an opinion.