EMERALD EMPIRE BANKING CO. Failed 1984

SPRINGFIELD, OR · State commercial bank, Federal Reserve member · view on FDIC BankFind ↗

What happened

EMERALD EMPIRE BANKING CO. of SPRINGFIELD, OR was closed on 1984-02-03. The FDIC was named receiver.

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

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

Key facts

FDIC ID
848
FDIC Certificate
22929
FDIC FIN
2371
Bank name
EMERALD EMPIRE BANKING CO.
Location
SPRINGFIELD, OR
Failure date
1984-02-03
FDIC resolution date
1984-02-03
Charter type
State commercial bank, Federal Reserve member
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$2M
Deposits at failure
$21M
Assets at failure
$22M
Acquiring bank
CITIZENS VALLEY BANK (ALBANY, OR)