Discussion in 'Oregon' started by Jerry Bone Jr, Jan 7, 2009.
"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.)
Ok Doug, what do you know about?
Inquiring minds want to know?
It ain't been made public yet........So, "I know nothing" Sgt. Schultz.
Well, when it is made public I am sure you will let us know!
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?
Silver Falls Bank is gone.
So, the money has washed over the falls and left the stockholders up the creek.....another one done gone.