Bank failure · OR

Silver Falls Bank (Silverton, OR) — failed February 20, 2009

Silver Falls Bank of Silverton, Oregon was closed on February 20, 2009 and resolved through a purchase and assumption. Citizens Bank (OR) took over its insured deposits. At failure it held $134.2M in assets and $116.0M in deposits. The FDIC's estimated loss on the failure is $39.1M (29.1% of assets).