# SILVER FALLS BANK

> **Failed bank** · SILVERTON, OR · failed 2009-02-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $39M

## What happened

SILVER FALLS BANK of SILVERTON, OR was closed by regulators on **2009-02-20**. The FDIC was named receiver.

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

Deposits were transferred to **CITIZENS BANK** (CORVALLIS, OR). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3607
- **FDIC Certificate:** 35399
- **FDIC FIN:** 10041
- **Bank name:** SILVER FALLS BANK
- **Location:** SILVERTON, OR
- **Failure date:** 2009-02-20
- **FDIC resolution date:** 2009-02-20
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $39M
- **Deposits at failure:** $116M
- **Assets at failure:** $134M
- **Acquiring bank:** CITIZENS BANK (CORVALLIS, OR)

## Other banks CITIZENS BANK has acquired in FDIC resolutions

- HARTFORD-CARLISLE SB (CARLISLE, IA) — failed 2000-01-14 — /failed-bank/3524
- FIRST CITY, TEXAS - KOUNTZE, NA (KOUNTZE, TX) — failed 1992-10-30 — /failed-bank/3401
- FIRST CITY, TEXAS - SOUR LAKE (SOUR LAKE, TX) — failed 1992-10-30 — /failed-bank/3396
- THE FIRST NATIONAL BANK OF YORKTOWN (YORKTOWN, TX) — failed 1992-09-10 — /failed-bank/3372
- FIRST SOUTHWEST FS & LA (TYLER, TX) — failed 1990-11-30 — /failed-bank/2952
- FIRST FSA OF NACOGDOCHES (NACOGDOCHES, TX) — failed 1990-11-30 — /failed-bank/2946
- THE FIRST NATIONAL BANK OF LEVELLAND (LEVELLAND, TX) — failed 1990-08-30 — /failed-bank/2882
- TIMBERLAND FSA (NACOGDOCHES, TX) — failed 1989-03-16 — /failed-bank/2259
- RUSK FED. S & L ASSOC. (RUSK, TX) — failed 1989-03-16 — /failed-bank/2235
- FIRST NATIONAL BANK IN CENTER (CENTER, TX) — failed 1988-12-15 — /failed-bank/2004

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SILVER%20FALLS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SILVER FALLS BANK (FDIC ID 3607), failed 2009-02-20. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3607.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*