# EMERALD EMPIRE BANKING CO.

> **Failed bank** · SPRINGFIELD, OR · failed 1984-02-03 · State commercial bank, Federal Reserve member · FDIC cost $2M

## What happened

EMERALD EMPIRE BANKING CO. of SPRINGFIELD, OR was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $21M
- **Assets at failure:** $22M
- **Acquiring bank:** CITIZENS VALLEY BANK (ALBANY, OR)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=EMERALD%20EMPIRE%20BANKING%20CO.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, EMERALD EMPIRE BANKING CO. (FDIC ID 848), failed 1984-02-03. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/848.

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