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Bank Branches › Closed and merged banks › Washington › Puget Sound Bank

FDIC certificate 2982 · Tacoma, WA

What happened to Puget Sound Bank?

Puget Sound Bank in Tacoma, WA (earlier called Puget Sound National Bank) merged into Key Bank of Washington of Tacoma, WA on Jan 15, 1993. After 2 more changes of hands, what was Puget Sound Bank is today part of KeyBank National Association (Cleveland, OH).

1890
opened
1993
merged away
2
names it used
3
steps to today's bank

The chain, step by step

From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.

  1. 1890
    Puget Sound National Bank opens in Tacoma, WA
  2. Dec 21, 1992
    renamed Puget Sound Bank
  3. Jan 15, 1993
    MERGEDPuget Sound Bank merged into Key Bank of Washington of Tacoma, WA.FDIC certificate 2982 ends; its business continues under certificate 11979.
  4. Jun 30, 1997
    MERGEDKey Bank of Washington (by then renamed KeyBank National Association) of Tacoma, WA merged into KeyBank National Association of Salt Lake City, UT.FDIC certificate 11979 ends; its business continues under certificate 1254.
  5. Jun 30, 1997
    MERGEDKeyBank National Association of Salt Lake City, UT merged into KeyBank National Association of Cleveland, OH.FDIC certificate 1254 ends; its business continues under certificate 17534.
  6. Today
    OPEN
    KeyBank National AssociationMain office Cleveland, OH · FDIC certificate 17534 · 951 offices in 16 states on June 30, 2026

    Every KeyBank National Association office →   Website on file with the FDIC: www.key.com

If you still have something from Puget Sound Bank

A lien that was never released

If a paid-off mortgage, home-equity line or car loan still shows Puget Sound Bank as lienholder, start with KeyBank National Association. In a merger the surviving bank takes over the other bank's loans, so it is the bank to ask for a recordable lien release; if the loan was sold along the way, it can tell you to whom.

The FDIC says it cannot process lien releases for banks that merged or were acquired without government assistance, which is what the record shows here.

Record the release with the same county office that recorded the original mortgage or deed of trust.

An old account, passbook or CD

Ask KeyBank National Association to search for the account under the name Puget Sound Bank. A passbook or certificate shows an account existed. It doesn't show the money is still there, and the OCC notes that federal rules require banks to keep most account records for five years.

Accounts nobody touches are eventually turned over to a state. The OCC puts the usual wait at three to five years with no activity, set by each state's law. Search the unclaimed-property program of the state of the owner's last known address on the bank's records, and any other state they lived in. It is free to search and to claim through a state's own site, and MissingMoney.com, an official site of the state administrators' association, searches most states at once.

A safe deposit box

Ask KeyBank National Association which branch now holds boxes from the Puget Sound Bank office you used. The OCC says a box with no activity for three to five years (the period is set by state statute) is likely treated as dormant, and its contents may be turned over to the state's unclaimed-property program.

Box contents are not covered by FDIC insurance.

Not sure this is your bank?

Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.

Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.

One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.

This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.

Where the guidance comes from ▾

Banks folded into Puget Sound Bank

14 banks merged directly into this charter; counting the banks those had absorbed earlier, 15 charters end up inside it.

BankEndedHow
Family Savings and Loan Association, F.A.Seattle, WAJul 19, 1991failed
The First National Bank of EnumclawEnumclaw, WANov 30, 1990merged
Gig Harbor National BankGig Harbor, WAOct 19, 1987merged
First State BankPort Orchard, WADec 29, 1986merged
The Bank of SeattleSeattle, WANov 1, 1986merged
Bank of RedmondRedmond, WANov 1, 1986merged
The Peninsula State BankGig Harbor, WAApr 10, 1981merged
Bank of OlympiaOlympia, WAFeb 1, 1981merged
Valley National Bank of AuburnAuburn, WASep 9, 1977merged
Continental BankBurien, WAMar 20, 1976merged
State Bank of MortonMorton, WAMar 9, 1973merged
Orting State BankOrting, WAMar 9, 1973merged
Eatonville State BankEatonville, WAMar 9, 1973merged
National Bank of Mason CountyShelton, WAMar 19, 1971merged

Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 2982 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.