Posts Tagged ‘assumption’

Failure Fridays: Silver Falls Bank Seized

Saturday, February 21, 2009 8:33 1 Comment

Oregon’s Silver Falls Bank was closed Friday by the Oregon Department of Consumer and Business Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The Federal Deposit Insurance Corporation entered into a purchase and assumption agreement with Citizens Bank, which will assume all of the deposits of the failed Silver Falls bank. Silver Falls [...]

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