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Bank failure · OR

Libertybank (Eugene, OR) — failed July 30, 2010

Libertybank of Eugene, Oregon was closed on July 30, 2010 and resolved through a purchase and assumption. Home Federal Bank (ID) took over its insured deposits. At failure it held $714.6M in assets and $692.7M in deposits. The FDIC's estimated loss on the failure is $51.0M (7.1% of assets).

Closing date
July 30, 2010
FDIC certificate #
31964
Resolution
Purchase and assumption (failure)
Acquiring institution
Home Federal Bank
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails