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Real Estate & Property Law

: Housing Wire

Silver Falls Bank Closed; 14th Bank Failure of 2009

By KELLY CURRAN

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Silverton, Ore.-based Silver Falls Bank was shut down Friday by the Oregon Department of Consumer and Business Services, which appointed the Federal Deposit Insurance Corporation as receiver — marking the 14th bank failure this year. The FDIC then entered into a purchase and assumption agreement with Citizens Bank, out of Corvallis, Ore., to assume all [...]

Full post as published by Housing Wire on February 23, 2009 (boomark / email).

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