Saturday, August 8, 2009

# 72

Community First Bank, Prineville, Oregon, was closed today ... As of July 5, 2009, Community First Bank had total assets of $209 million and total deposits of approximately $182 million.
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The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $45 million. ... Community First Bank is the 72nd FDIC-insured institution to fail in the nation this year, and the third in Oregon. The last FDIC-insured institution to be closed in the state was Silver Falls Bank, Silverton, Oregon, on February 20, 2009.

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