Bank failure · OR

Far West FSB (Portland, OR) — failed May 23, 1991

Far West FSB of Portland, Oregon was closed on May 23, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $2.1B in assets and $1.3B in deposits. The FDIC's estimated loss on the failure is $313.6M (15.1% of assets).