Data / Bank failures / 1981 / Northwest Commerce Bank
Northwest Commerce Bank, North Bend, OR: failed June 19, 1981
Northwest Commerce Bank in North Bend, Oregon, failed on June 19, 1981. Citizens Bank of North B of North Bend, OR, took over its deposits. It held $6.7 million in assets and $5.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1 million (15.1% of its assets). By assets it was the 36th largest of 40 banks closed or assisted in 1981.
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
- June 19, 1981
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citizens Bank of North B, North Bend, OR
- Total assets
- $6,737,000
- Total deposits
- $5,193,000
- Estimated cost to the FDIC
- $1,017,180 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 22640
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 | |
| High Lakes Community Bank | La Pine | October 23, 1981 | $3.7 million | $3 million | $1.2 million | Prineville Bank |
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.