Failed Bank Report: Claim FDIC Insured Accounts at Failed Banks

LibertyBank - Eugene, OR

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July 30, 2010: LibertyBank, Eugene, OR was closed by the Oregon Division of Finance & Corporate Securities. The Federal Deposit Insurance Corporation was named receiver.

Successor Bank: All deposit accounts, including brokered deposits, have been transferred to Home Federal Bank, Nampa, Idaho.

Home Federal Bank
500 12th Avenue South
Nampa, ID 83651

History:

Established in 1978 as Central Oregon Savings And Loan Association
Changed name to Liberty Savings And Loan Association
Changed name to Liberty Federal Bank, A Savings Bank
Changed name to Libertybank

Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Funds Search

 

 

 

2010 FDIC Insured Failed Banks
 
 
 
 
LibertyBank
355 Goodpasture Island Road
Eugene, OR 97401

 
 

Established
as
Central Oregon
Savings And Loan Association

 

 
 
 
 
Cost to FDIC: $115 million

 

 
 

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