# HIGH LAKES COMMUNITY BANK

> **Failed bank** · LA PINE, OR · failed 1981-10-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

HIGH LAKES COMMUNITY BANK of LA PINE, OR was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $3M
- **Assets at failure:** $4M
- **Acquiring bank:** PRINEVILLE BANK (PRINEVILLE, OR)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HIGH LAKES COMMUNITY BANK (FDIC ID 609), failed 1981-10-23. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/609.

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