Bank failure · OR

High Lakes Community Bank (LA Pine, OR) — failed October 23, 1981

High Lakes Community Bank of LA Pine, Oregon was closed on October 23, 1981 and resolved through a purchase and assumption. Prineville Bank (OR) took over its insured deposits. At failure it held $3.7M in assets and $3.0M in deposits. The FDIC's estimated loss on the failure is $1.2M (32.0% of assets).