THE DESCHUTES BANK Failed 1983
What happened
THE DESCHUTES BANK of REDMOND, OR was closed on 1983-10-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED STATES NB OF OREG (PORTLAND, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 825
- FDIC Certificate
- 22807
- FDIC FIN
- 2364
- Bank name
- THE DESCHUTES BANK
- Location
- REDMOND, OR
- Failure date
- 1983-10-07
- FDIC resolution date
- 1983-10-07
- 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
- $10M
- Assets at failure
- $10M
- Acquiring bank
- UNITED STATES NB OF OREG (PORTLAND, OR)
Other banks UNITED STATES NB OF OREG acquired in FDIC resolutions