Bank failure · OR
Lewis and Clark State Bank (Lake Oswego, OR) — failed December 11, 1987
Lewis and Clark State Bank of Lake Oswego, Oregon was closed on December 11, 1987 and resolved through a purchase and assumption. Key Bank of Oregon (OR) took over its insured deposits. At failure it held $20.3M in assets and $19.8M in deposits. The FDIC's estimated loss on the failure is $2.5M (12.1% of assets).
- Closing date
- December 11, 1987
- FDIC certificate #
- 22326
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Key Bank of Oregon
- Insurance fund
- FDIC
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