Bank failure · OR

Emerald Empire Banking Co. (Springfield, OR) — failed February 3, 1984

Emerald Empire Banking Co. of Springfield, Oregon was closed on February 3, 1984 and resolved through a purchase and assumption. Citizens Valley Bank (OR) took over its insured deposits. At failure it held $22.3M in assets and $21.3M in deposits. The FDIC's estimated loss on the failure is $2.4M (10.8% of assets).