Data / Bank failures / 1984 / First American Banking Company
First American Banking Company, Pendleton, OR: failed November 16, 1984
First American Banking Company in Pendleton, Oregon, failed on November 16, 1984. Inland Empire Bank of Hermiston, OR, took over its deposits. It held $18.6 million in assets and $15.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.2 million (11.9% of its assets). By assets it was the 70th largest of 106 banks closed or assisted in 1984.
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The FDIC's record
- Closed
- November 16, 1984
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Inland Empire Bank, Hermiston, OR
- Total assets
- $18,630,000
- Total deposits
- $15,269,000
- Estimated cost to the FDIC
- $2,221,300 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 21016
Other bank failures in Oregon, 1982 to 1986
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Columbia Community Bank | Hermiston | October 3, 1986 | $5.3 million | $5 million | $1 million | Inland Empire Bank |
| Lincoln S&LA (assistance) | Portland | July 23, 1986 | $261.7 million | $230.4 million | $25.2 million | Rainier Bank, NA |
| State FS&LA | Corvallis | December 6, 1985 | $563.9 million | $443.9 million | $249 million | Washington FS&LA |
| Citizens S&LA | Salem | December 4, 1985 | $239.7 million | $153.5 million | $85.2 million | Freedom FS&LA |
| Western Heritage FS&LA (assistance) | Pendleton | August 1, 1985 | $175.1 million | $134 million | $8.8 million | Benj Franklin FS&LA |
| Bank of Oregon (assistance) | Woodburn | May 31, 1985 | $117.1 million | $97 million | $18.8 million | Bank of Oregon |
| First State Bank of Elgin | Elgin | April 12, 1985 | $18.2 million | $15.8 million | $4.9 million | United States NB of Oreg |
| Coast Community Bank | Harbor | January 11, 1985 | $9.1 million | $8.5 million | $1.4 million | Security Bank of Coos Co |
Other failed banks Inland Empire Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Columbia Community Bank | Hermiston | OR | October 3, 1986 | $5.3 million | $5 million | $1 million | Inland Empire Bank |
All bank failures in 1984 · All bank failures in Oregon · Every failed bank Inland Empire 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.