HERITAGE BANK Failed 1983
What happened
HERITAGE BANK of ASHLAND, OR was closed on 1983-04-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to VALLEY OF THE ROGUE BANK (ROGUE RIVER, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 776
- FDIC Certificate
- 22808
- FDIC FIN
- 2343
- Bank name
- HERITAGE BANK
- Location
- ASHLAND, OR
- Failure date
- 1983-04-29
- FDIC resolution date
- 1983-04-29
- 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.)
- $4M
- Deposits at failure
- $16M
- Assets at failure
- $19M
- Acquiring bank
- VALLEY OF THE ROGUE BANK (ROGUE RIVER, OR)
Other banks VALLEY OF THE ROGUE BANK acquired in FDIC resolutions