1. Welcome to AppraisersForum.com, the premiere online community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Silver Falls Bank to be monitored by FDIC

Discussion in 'Oregon' started by Jerry Bone Jr, Jan 7, 2009.

Thread Status:
Not open for further replies.
  1. Jerry Bone Jr

    Jerry Bone Jr Senior Member

    0
    Feb 23, 2004
    Professional Status:
    Licensed Appraiser
    State:
    Oregon
  2. Jerry Bone Jr

    Jerry Bone Jr Senior Member

    0
    Feb 23, 2004
    Professional Status:
    Licensed Appraiser
    State:
    Oregon
  3. Oregon Doug

    Oregon Doug Senior Member

    0
    Jan 15, 2002
    Professional Status:
    General Public
    State:
    Oregon
    "The order, dated Nov. 24, notes the termination of an employee who received a bonus based on total dollar amount of loans generated. Investigators allege the employee acted without consideration of the risk involved with each loan."

    And the beat goes on.....stay tuned for more good news ('specially you folk down there in the state of Jefferson.)

    Oregon Doug
     
  4. Roscoeman

    Roscoeman Member

    0
    Aug 18, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Oregon
    Ok Doug, what do you know about?

    Inquiring minds want to know?
     
  5. Oregon Doug

    Oregon Doug Senior Member

    0
    Jan 15, 2002
    Professional Status:
    General Public
    State:
    Oregon
    It ain't been made public yet........So, "I know nothing" Sgt. Schultz.

    Oregon Doug
     
  6. Roscoeman

    Roscoeman Member

    0
    Aug 18, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Oregon
    Well, when it is made public I am sure you will let us know!
     
  7. Oregon Doug

    Oregon Doug Senior Member

    0
    Jan 15, 2002
    Professional Status:
    General Public
    State:
    Oregon
    I got it wrong - it turned out to not be the one I was thinking about down in Jefferson State after all. Sorry that you guys were beat out by northern OR in the great bank closing race. It's public now....

    "Washington Trust Bank will assume the deposits of Pinnacle Bank. Pinnacle's sole branch will reopen as a Washington Trust Bank branch on Tuesday. In addition to assuming all of the deposits, including those from brokers, Washington Trust also agreed to buy $72 million in assets at a discount of $7.6 million.

    Pinnacle is the first bank in Oregon to fail since 1991."

    Will there be more, soon?

    Oregon Doug
     
  8. Tom Barclay

    Tom Barclay Senior Member

    0
    Apr 7, 2002
    Professional Status:
    Retired Appraiser
    State:
    Oregon
  9. Oregon Doug

    Oregon Doug Senior Member

    0
    Jan 15, 2002
    Professional Status:
    General Public
    State:
    Oregon
    So, the money has washed over the falls and left the stockholders up the creek.....another one done gone.

    Oregon Doug
     
  10. Jerry Bone Jr

    Jerry Bone Jr Senior Member

    0
    Feb 23, 2004
    Professional Status:
    Licensed Appraiser
    State:
    Oregon
Thread Status:
Not open for further replies.

Share This Page