Friday, February 27, 2009

Columbia River Bank gets FDIC order

Columbia River Bank has received a cease-and-desist order from the Federal Deposit Insurance Corp. and the Oregon Division of Finance and Corporate Securities that requires the bank to maintain higher capital levels, among other measures to improve its safety and soundness.

Columbia River Bank is held by The Dalles-based Columbia Bancorp (NASDAQ:CBBO).

No comments: