Data / Bank failures / 1987 / Lewis and Clark State Bank
Lewis and Clark State Bank, Lake Oswego, OR: failed December 11, 1987
Lewis and Clark State Bank in Lake Oswego, Oregon, failed on December 11, 1987. Key Bank of Oregon of Portland, OR, took over its deposits. It held $20.3 million in assets and $19.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.5 million (12.1% of its assets). By assets it was the 146th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- December 11, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Key Bank of Oregon, Portland, OR
- Total assets
- $20,261,000
- Total deposits
- $19,839,000
- Estimated cost to the FDIC
- $2,452,516 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22326
Other bank failures in Oregon, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Jackson County Fsa (assistance) | Medford | December 30, 1988 | $266.1 million | $275 million | $72.4 million | Jackson County FS&LA |
| American Home Savings (assistance) | Salem | December 15, 1988 | $403 million | $382.7 million | $145.3 million | American Home Savings A FSB |
| Peoples S&LA | La Grande | September 23, 1988 | $22.5 million | $19.8 million | $19.3 million | |
| Future S&LA | Albany | April 10, 1987 | $57.6 million | $57.7 million | $15.8 million | |
| Umpqua S&LA | Roseburg | January 16, 1987 | $108.2 million | $88.5 million | $11.9 million | |
| 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 |
All bank failures in 1987 · 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.