PINNACLE BANK Failed 2009

BEAVERTON, OR · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

PINNACLE BANK of BEAVERTON, OR was closed on 2009-02-13. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to WASHINGTON TRUST BANK (SPOKANE, WA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3606
FDIC Certificate
57342
FDIC FIN
10040
Bank name
PINNACLE BANK
Location
BEAVERTON, OR
Failure date
2009-02-13
FDIC resolution date
2009-02-13
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.)
$10M
Deposits at failure
$64M
Assets at failure
$72M
Acquiring bank
WASHINGTON TRUST BANK (SPOKANE, WA)