Bank failure · OR

Pinnacle Bank (Beaverton, OR) — failed February 13, 2009

Pinnacle Bank of Beaverton, Oregon was closed on February 13, 2009 and resolved through a purchase and assumption. Washington Trust Bank (WA) took over its insured deposits. At failure it held $71.9M in assets and $64.2M in deposits. The FDIC's estimated loss on the failure is $10.2M (14.2% of assets).