Data / Bank failures / 1981 / High Lakes Community Bank
High Lakes Community Bank, La Pine, OR: failed October 23, 1981
High Lakes Community Bank in La Pine, Oregon, failed on October 23, 1981. Prineville Bank of Prineville, OR, took over its deposits. It held $3.7 million in assets and $3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.2 million (32% of its assets). By assets it was the 39th largest of 40 banks closed or assisted in 1981.
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The FDIC's record
- Closed
- October 23, 1981
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Prineville Bank, Prineville, OR
- Total assets
- $3,706,000
- Total deposits
- $3,004,000
- Estimated cost to the FDIC
- $1,184,806 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22975
Other bank failures in Oregon, 1979 to 1983
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Deschutes Bank | Redmond | October 7, 1983 | $10.2 million | $10 million | $4.3 million | United States NB of Oreg |
| Oregon Mutual Savings Bank (assistance) | Portland | August 5, 1983 | $265.7 million | $251.3 million | $11.9 million | Oregon Mutual Savings Bank |
| Heritage Bank | Ashland | April 29, 1983 | $18.5 million | $16.3 million | $4.5 million | Valley of the Rogue Bank |
| Bear Creek Valley Bank | Phoenix | March 25, 1983 | $13.6 million | $11.2 million | $4.8 million | Valley of the Rogue Bank |
| Columbia Pacific BK & TR Co. | Portland | March 18, 1983 | $47.4 million | $45.7 million | $213,427 | |
| Northwest Commerce Bank | North Bend | June 19, 1981 | $6.7 million | $5.2 million | $1 million | Citizens Bank of North B |
All bank failures in 1981 · All bank failures in Oregon · 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.