Data / Bank failures / 2009 / Community First Bank
Community First Bank, Prineville, OR: failed August 7, 2009
Community First Bank in Prineville, Oregon, failed on August 7, 2009. Home Federal Bank of Nampa, ID, took over its deposits. It held $199.5 million in assets and $180.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $73.6 million (36.9% of its assets). By assets it was the 92nd largest of 148 banks closed or assisted in 2009.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- August 7, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Home Federal Bank, Nampa, ID
- Total assets
- $199,508,000
- Total deposits
- $180,691,000
- Estimated cost to the FDIC
- $73,567,118 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- DIF
- FDIC certificate
- 23268
Other bank failures in Oregon, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Libertybank | Eugene | July 30, 2010 | $714.6 million | $692.7 million | $51 million | Home Federal Bank |
| Home Valley Bank | Cave Junction | July 23, 2010 | $250.5 million | $227.9 million | $28.1 million | South Valley Bank & Trust |
| Columbia River Bank | The Dalles | January 22, 2010 | $955.1 million | $908.1 million | $54.9 million | Columbia State Bank |
| Silver Falls Bank | Silverton | February 20, 2009 | $134.2 million | $116 million | $39.1 million | Citizens Bank |
| Pinnacle Bank | Beaverton | February 13, 2009 | $71.9 million | $64.2 million | $10.2 million | Washington Trust Bank |
| Bank of America Oregon N.A. (assistance) | Portland | January 16, 2009 | $11.53 billion | $500,000 |
Other failed banks Home Federal Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Libertybank | Eugene | OR | July 30, 2010 | $714.6 million | $692.7 million | $51 million | Home Federal Bank |
All bank failures in 2009 · All bank failures in Oregon · Every failed bank Home Federal Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.