Data / Bank failures / 2009 / Silver Falls Bank
Silver Falls Bank, Silverton, OR: failed February 20, 2009
Silver Falls Bank in Silverton, Oregon, failed on February 20, 2009. Citizens Bank of Corvallis, OR, took over its deposits. It held $134.2 million in assets and $116 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $39.1 million (29.1% of its assets). By assets it was the 111th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- February 20, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citizens Bank, Corvallis, OR
- Total assets
- $134,206,000
- Total deposits
- $115,976,000
- Estimated cost to the FDIC
- $39,092,099 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 35399
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 |
| Pinnacle Bank | Beaverton | February 13, 2009 | $71.9 million | $64.2 million | $10.2 million | Washington Trust Bank |
| Bank of America Oregon N.A. (assistance) | Portland | January 16, 2009 | $11.53 billion | $500,000 |
Other failed banks Citizens Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Hartford-Carlisle SB | Carlisle | IA | January 14, 2000 | $105 million | $68.5 million | $11.6 million | Citizens Bank |
| First City, Texas - Kountze, NA | Kountze | TX | October 30, 1992 | $51.3 million | $47 million | Citizens Bank | |
| First City, Texas - Sour Lake | Sour Lake | TX | October 30, 1992 | $53.5 million | $48.8 million | Citizens Bank | |
| The First National Bank of Yorktown | Yorktown | TX | September 10, 1992 | $34.4 million | $34.5 million | $7.6 million | Citizens Bank |
| First Southwest FS & La | Tyler | TX | November 30, 1990 | $51.2 million | $45.3 million | $4.9 million | Citizens Bank |
| First Fsa of Nacogdoches | Nacogdoches | TX | November 30, 1990 | $61.9 million | $51.8 million | $22.3 million | Citizens Bank |
| The First National Bank of Levelland | Levelland | TX | August 30, 1990 | $62.2 million | $64.4 million | $9.4 million | Citizens Bank |
| Timberland Fsa | Nacogdoches | TX | March 16, 1989 | $60.3 million | $49 million | $14.3 million | Citizens Bank |
All bank failures in 2009 · All bank failures in Oregon · Every failed bank Citizens 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.