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Failures by State

Bank Failures in Oregon

31 FDIC-insured banks headquartered in Oregon have failed since 1942. The most recent was Libertybank on July 30, 2010. The worst year was 1984, with 5 failures. Failed banks held $10.41B in assets at closing.

31
Failures
1942 to 2010
$10.41B
Failed assets
At closing
$991.7M
Estimated DIF loss
FDIC estimate
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All Oregon events
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Largest bank failures in Oregon

Date Bank City Assets Acquirer or resolution
Feb 21, 1990 The Ben Franklin FS & La Portland $4.62B Bank of America, FSB
May 23, 1991 Far West FSB Portland $2.07B Branch sale
Jan 22, 2010 Columbia River Bank The Dalles $955.1M Columbia State Bank
Jul 30, 2010 Libertybank Eugene $714.6M Home Federal Bank
Dec 6, 1985 State FS&LA Corvallis $563.9M Washington FS&LA
Jul 23, 2010 Home Valley Bank Cave Junction $250.5M South Valley Bank & Trust
Dec 4, 1985 Citizens S&LA Salem $239.7M Freedom FS&LA
Aug 7, 2009 Community First Bank Prineville $199.5M Home Federal Bank
Jan 11, 1990 Family Federal Savings Dallas $164.2M Washington FS&LA
Feb 20, 2009 Silver Falls Bank Silverton $134.2M Citizens Bank

Oregon bank failures by year

Year Failures Failed assets
2010 3 $1.92B
2009 3 $405.6M
1991 1 $2.07B
1990 2 $4.78B
1988 1 $22.5M
1987 3 $186.1M
1986 1 $5.3M
1985 4 $830.9M
1984 5 $86.3M
1983 4 $89.7M
1981 2 $10.4M
1958 1 $1.4M
1942 1 —

Every bank failure in Oregon

Date Bank City Assets Acquirer or resolution
Jul 30, 2010 Libertybank Eugene $714.6M Home Federal Bank
Jul 23, 2010 Home Valley Bank Cave Junction $250.5M South Valley Bank & Trust
Jan 22, 2010 Columbia River Bank The Dalles $955.1M Columbia State Bank
Aug 7, 2009 Community First Bank Prineville $199.5M Home Federal Bank
Feb 20, 2009 Silver Falls Bank Silverton $134.2M Citizens Bank
Feb 13, 2009 Pinnacle Bank Beaverton $71.9M Washington Trust Bank
May 23, 1991 Far West FSB Portland $2.07B Branch sale
Feb 21, 1990 The Ben Franklin FS & La Portland $4.62B Bank of America, FSB
Jan 11, 1990 Family Federal Savings Dallas $164.2M Washington FS&LA
Sep 23, 1988 Peoples S&LA La Grande $22.5M —
Dec 11, 1987 Lewis and Clark State Bank Lake Oswego $20.3M Key Bank of Oregon
Apr 10, 1987 Future S&LA Albany $57.6M —
Jan 16, 1987 Umpqua S&LA Roseburg $108.2M —
Oct 3, 1986 Columbia Community Bank Hermiston $5.3M Inland Empire Bank
Dec 6, 1985 State FS&LA Corvallis $563.9M Washington FS&LA
Dec 4, 1985 Citizens S&LA Salem $239.7M Freedom FS&LA
Apr 12, 1985 First State Bank of Elgin Elgin $18.2M United States NB of Oreg
Jan 11, 1985 Coast Community Bank Harbor $9.1M Security Bank of Coos Co
Nov 16, 1984 First American Banking Company Pendleton $18.6M Inland Empire Bank
Aug 31, 1984 Bank of the Northwest Eugene $21.8M First Interstate BK of O
Jun 8, 1984 Stewardship Bank of Oregon Portland $6.3M —
Mar 2, 1984 United Bank of Oregon Milwaukie $17.3M United States NB of Oreg
Feb 3, 1984 Emerald Empire Banking Co. Springfield $22.3M Citizens Valley Bank
Oct 7, 1983 The Deschutes Bank Redmond $10.2M United States NB of Oreg
Apr 29, 1983 Heritage Bank Ashland $18.5M Valley of the Rogue Bank
Mar 25, 1983 Bear Creek Valley Bank Phoenix $13.6M Valley of the Rogue Bank
Mar 18, 1983 Columbia Pacific BK & TR Co. Portland $47.4M —
Oct 23, 1981 High Lakes Community Bank La Pine $3.7M Prineville Bank
Jun 19, 1981 Northwest Commerce Bank North Bend $6.7M Citizens Bank of North B
Mar 17, 1958 The First National Bank of Halfway Halfway $1.4M —
Aug 29, 1942 The Harney County National Bank of Burns Burns — —

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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