Bank failure · OR
The Deschutes Bank (Redmond, OR) — failed October 7, 1983
The Deschutes Bank of Redmond, Oregon was closed on October 7, 1983 and resolved through a purchase and assumption. United States Nb of Oreg (OR) took over its insured deposits. At failure it held $10.2M in assets and $10.0M in deposits. The FDIC's estimated loss on the failure is $4.3M (41.6% of assets).
- Closing date
- October 7, 1983
- FDIC certificate #
- 22807
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United States Nb of Oreg
- Insurance fund
- FDIC
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