# HERITAGE BANK

> **Failed bank** · ASHLAND, OR · failed 1983-04-29 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

HERITAGE BANK of ASHLAND, OR was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- BEAR CREEK VALLEY BANK (PHOENIX, OR) — failed 1983-03-25 — /failed-bank/767

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HERITAGE BANK (FDIC ID 776), failed 1983-04-29. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/776.

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