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Bailout

: Calculated Risk

Bank Failure #103: Home Valley Bank, Cave Junction, Oregon

By Anonymous

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Thy rod, staff comforts
Home Valley, led through shadows
They have much to fear
by Soylent Green is People

From the FDIC: South Valley Bank & Trust, Klamath Falls, Oregon, Assumes All of the Deposits of Home Valley Bank, Cave Junction, Oregon
As of March 31, 2010, Home Valley Bank had approximately $251.80 million in total assets and $229.6 million in total deposits.
...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $37.1 million. ... Home Valley Bank is the 103rd FDIC-insured institution to fail in the nation this year, and the second in Oregon. The last FDIC-insured institution closed in the state was Columbia River Bank, The Dalles, on January 22, 2010.
That makes 7 today ...

Full post as published by Calculated Risk on July 24, 2010 (boomark / email).

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