Bank failure · OR

First American Banking Company (Pendleton, OR) — failed November 16, 1984

First American Banking Company of Pendleton, Oregon was closed on November 16, 1984 and resolved through a purchase and assumption. Inland Empire Bank (OR) took over its insured deposits. At failure it held $18.6M in assets and $15.3M in deposits. The FDIC's estimated loss on the failure is $2.2M (11.9% of assets).