FIRST AMERICAN BANKING COMPANY Failed 1984
What happened
FIRST AMERICAN BANKING COMPANY of PENDLETON, OR was closed on 1984-11-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to INLAND EMPIRE BANK (HERMISTON, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 934
- FDIC Certificate
- 21016
- FDIC FIN
- 2429
- Bank name
- FIRST AMERICAN BANKING COMPANY
- Location
- PENDLETON, OR
- Failure date
- 1984-11-16
- FDIC resolution date
- 1984-11-16
- 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.)
- $2M
- Deposits at failure
- $15M
- Assets at failure
- $19M
- Acquiring bank
- INLAND EMPIRE BANK (HERMISTON, OR)
Other banks INLAND EMPIRE BANK acquired in FDIC resolutions