Commencement Bank on Your Credit Report
In short: Headquartered in Tacoma, Washington, Commencement Bank is a state-chartered commercial bank that is a member of the Federal Reserve System. Under FDIC certificate 58446, the charter was established December 11, 2006, making it a modern charter that has been electronic from the start, which usually means cleaner history but also means an error propagates automatically once introduced. As of the 06/30/2026 call report, Commencement Bank held $740 million in assets and operated 6 FDIC-reported offices. Accounts originated here are furnished by Commencement Bank itself, which means a §623 dispute goes to the institution that holds the underlying file. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who Commencement Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
Commencement Bank holds FDIC certificate 58446, chartered December 11, 2006 in Tacoma, Washington (20 years old), and reported $740 million in total assets across 6 offices on the 06/30/2026 call report.
How Commencement Bank appears on your credit report
Commencement Bank is an original creditor, not a collector, and that changes the mechanics. With 6 offices, the branch that opened the account is often still the fastest route to the original paperwork — ask for it by branch, not just by account number. Put the account number's last four digits, the open date and the specific disputed field in writing, and run the §611 and §623 disputes in parallel. Results vary with what the file actually contains.
Names it may report under
Products that commonly show up
- ◆Small-business and agricultural credit carrying a personal guaranty
- ◆Auto and equipment loans financed through local dealers
- ◆Personal lines of credit tied to a Commencement Bank deposit relationship
Grounds to dispute a Commencement Bank entry
Each of these is a reason a Commencement Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Duplicate tradeline created when Commencement Bank converted its loan platform
- ◆Business loan with a personal guaranty reported on the individual's consumer file
- ◆Loan paid off at maturity still showing an open balance
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
Commencement Bank is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, Commencement Bank has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send Commencement Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
Commencement Bank questions, answered
Is Commencement Bank FDIC-insured, and what is its certificate number?
Yes — deposits are FDIC-insured under certificate 58446. That record lists Commencement Bank as a state-chartered commercial bank that is a member of the Federal Reserve System headquartered in Tacoma, WA, chartered December 11, 2006, with $740 million in assets across 6 FDIC-reported offices on the 06/30/2026 call report.
Who regulates Commencement Bank, and where do I escalate if a dispute fails?
As a state-chartered commercial bank that is a member of the Federal Reserve System, Commencement Bank answers primarily to the Federal Reserve and its state banking regulator, with the FDIC as deposit insurer. When a §623 dispute to the bank and a §611 dispute to the bureaus both come back verified and you still hold contrary documentation, the next steps are a CFPB complaint and, if needed, the private right of action FCRA §§616–617 provides. None of that requires paying anyone.
How many credit-card complaints does the CFPB show against Commencement Bank?
None is listed. Commencement Bank did not match any company key in the CFPB credit-card complaint dataset on an exact-name basis, and we decline to estimate from a loose match. You can search the public database yourself at consumerfinance.gov.
How long can a Commencement Bank charge-off stay on my credit report?
The FCRA ceiling is roughly seven years measured from the date of first delinquency on the Commencement Bank account. Neither a charge-off entry nor a sale to a collector resets the seven-year window. A delinquency date that shifts later is the signal that the account has been re-aged.
What is the difference between disputing with Commencement Bank and disputing with a collector?
Commencement Bank is the original creditor and holds the underlying file — application, statements, posting history. Collectors typically receive a data file, not the original paperwork. Disputing directly with Commencement Bank under §623 puts the question to the party that can actually check it.
Does Commencement Bank report to all three credit bureaus?
There is no legal requirement to report to every bureau, and banks this size often do not. Compare all three files first. With Commencement Bank, a varying balance usually reflects different refresh dates; a varying account status or date of first delinquency is the real signal.
Commencement Bank was acquired or changed names — why does my report show two accounts?
A single account showing twice is a classic conversion artifact. When Commencement Bank migrates an account between core systems or through an acquisition, the old and new furnisher names can both persist. Push for removal of the duplicate entry instead of accepting a "closed" notation, which does not undo the scoring impact. In this case the charter is a modern charter that has been electronic from the start, which usually means cleaner history but also means an error propagates automatically once introduced.
Can I dispute Commencement Bank reporting myself, without paying anyone?
Yes, and at no cost. Both the §611 bureau dispute and the §623 furnisher dispute are rights you already hold — no company is required to exercise them for you. Write to Commencement Bank naming the specific field you believe is wrong, copy the bureaus, and keep proof of mailing. Outcomes depend on what the records show and vary by account.
What should I check first on Commencement Bank reporting?
Start with the date of first delinquency, then the account status, then the high balance or limit — those three drive both the seven-year clock and the scoring weight. Match the Commencement Bank entry to your statements before writing. A specific, documented inaccuracy moves an investigation that a blanket request will not.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by Commencement Bank; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
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