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Old 07-23-2010, 09:38 PM
The Dog's Avatar
The Dog The Dog is offline
 
Join Date: Apr 2005
Location: Beautiful Southern Oregon
State: Oregon
Professional Status: Certified General Appraiser
Posts: 1,477
Default a good local bank is no more

The economy hits the local market tonight. Two other locals banks are on the list of the FDIC is having major trouble. Hope it stops eventually. The frustrating part is that if they are very large, they get bailed out. A good friendly small local bank who always cared for the community however, does not deserve that same help.


All Home Valley Bank branches have been closed as of this evening by the Oregon Dept. of of Consumer and Business Services. The Federal Deposit Insurance Corporation (FDIC) was then named Receiver. Subsequent to the closure, South Valley Bank & Trust, Klamath Falls, OR acquired all the deposits and es...sentially all of the assets of Home Valley Bank from the FDIC as Receiver. The bank's branches will reopen on Monday, July 26 as South Valley Bank. http://www.fdic.gov/news/news/press/2010/pr10169.html
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Last edited by The Dog : 07-23-2010 at 09:54 PM.
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