COAST COMMUNITY BANK Failed 1985
What happened
COAST COMMUNITY BANK of HARBOR, OR was closed on 1985-01-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY BANK OF COOS CO (COOS BAY, OR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 953
- FDIC Certificate
- 22757
- FDIC FIN
- 2436
- Bank name
- COAST COMMUNITY BANK
- Location
- HARBOR, OR
- Failure date
- 1985-01-11
- FDIC resolution date
- 1985-01-11
- 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.)
- $1M
- Deposits at failure
- $8M
- Assets at failure
- $9M
- Acquiring bank
- SECURITY BANK OF COOS CO (COOS BAY, OR)