HIGH LAKES COMMUNITY BANK Failed 1981

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

What happened

HIGH LAKES COMMUNITY BANK of LA PINE, OR was closed on 1981-10-23. The FDIC was named receiver.

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

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

Key facts

FDIC ID
609
FDIC Certificate
22975
FDIC FIN
2291
Bank name
HIGH LAKES COMMUNITY BANK
Location
LA PINE, OR
Failure date
1981-10-23
FDIC resolution date
1981-10-23
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.)
$1M
Deposits at failure
$3M
Assets at failure
$4M
Acquiring bank
PRINEVILLE BANK (PRINEVILLE, OR)