Bank failure · OR
Heritage Bank (Ashland, OR) — failed April 29, 1983
Heritage Bank of Ashland, Oregon was closed on April 29, 1983 and resolved through a purchase and assumption. Valley of the Rogue Bank (OR) took over its insured deposits. At failure it held $18.5M in assets and $16.3M in deposits. The FDIC's estimated loss on the failure is $4.5M (24.2% of assets).
- Closing date
- April 29, 1983
- FDIC certificate #
- 22808
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Valley of the Rogue Bank
- Insurance fund
- FDIC
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