Data / Bank failures / 2009 / Pinnacle Bank
Pinnacle Bank, Beaverton, OR: failed February 13, 2009
Pinnacle Bank in Beaverton, Oregon, failed on February 13, 2009. Washington Trust Bank of Spokane, WA, took over its deposits. It held $71.9 million in assets and $64.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.2 million (14.2% of its assets). By assets it was the 132nd largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- February 13, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Washington Trust Bank, Spokane, WA
- Total assets
- $71,921,000
- Total deposits
- $64,168,000
- Estimated cost to the FDIC
- $10,218,286 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57342
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 |
| Community First Bank | Prineville | August 7, 2009 | $199.5 million | $180.7 million | $73.6 million | Home Federal Bank |
| Silver Falls Bank | Silverton | February 20, 2009 | $134.2 million | $116 million | $39.1 million | Citizens Bank |
| Bank of America Oregon N.A. (assistance) | Portland | January 16, 2009 | $11.53 billion | $500,000 |
All bank failures in 2009 · 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.