Bank failure · OR

Bank of Oregon (Woodburn, OR) — failed May 31, 1985

Bank of Oregon of Woodburn, Oregon was closed on May 31, 1985 and resolved through a a/a. Bank of Oregon (OR) took over its insured deposits. At failure it held $117.1M in assets and $97.0M in deposits. The FDIC's estimated loss on the failure is $18.8M (16.0% of assets).