LEWIS AND CLARK STATE BANK Failed 1987
What happened
LEWIS AND CLARK STATE BANK of LAKE OSWEGO, OR was closed on 1987-12-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to KEY BANK OF OREGON (PORTLAND, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1578
- FDIC Certificate
- 22326
- FDIC FIN
- 2765
- Bank name
- LEWIS AND CLARK STATE BANK
- Location
- LAKE OSWEGO, OR
- Failure date
- 1987-12-11
- FDIC resolution date
- 1987-12-11
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $20M
- Assets at failure
- $20M
- Acquiring bank
- KEY BANK OF OREGON (PORTLAND, OR)