COMMUNITY FIRST BANK Failed 2009
What happened
COMMUNITY FIRST BANK of PRINEVILLE, OR was closed on 2009-08-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HOME FEDERAL BANK (NAMPA, ID). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3663
- FDIC Certificate
- 23268
- FDIC FIN
- 10092
- Bank name
- COMMUNITY FIRST BANK
- Location
- PRINEVILLE, OR
- Failure date
- 2009-08-07
- FDIC resolution date
- 2009-08-07
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $74M
- Deposits at failure
- $181M
- Assets at failure
- $200M
- Acquiring bank
- HOME FEDERAL BANK (NAMPA, ID)
Other banks HOME FEDERAL BANK acquired in FDIC resolutions