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EO-13830 NOTICE OF VOLUNTARY
EO-13830
NOTICE OF VOLUNTARY
LIQUIDATION
Notice is hereby given that Community Bank, Joseph, Oregon, an Oregon state chartered bank with its principal office at 609 North Main Street, Joseph, Oregon 97846 intends to voluntarily liquidate pursuant to Oregon law. On May 9, 2025, Community Bank consummated a transaction whereby Spokane Teachers Credit Union, a Washington state chartered credit union ("STCU"), purchased substantially all of the assets and assumed substantially all of the liabilities of Community Bank (the "Transaction").
There will be no interruption in service to the loan and deposit accounts of former Community Bank customers as all loan and deposit accounts of Community Bank were transferred to STCU upon consummation of the Transaction. The deposits transferred to STCU will be insured by the National Credit Union Administration and Federal Deposit Insurance Corporation insurance will terminate on the deposits on September 30, 2025.
Claims of all persons, other than depositors, should be presented in writing to the attention of Tom Moran prior to May 14, 2026, at Community Bank's address listed above. Failure to present a claim by the prescribed date may bar the subsequent enforcement of the claim in a court of competent jurisdiction.
Publish May 14, 21, 28, June 4, 2025
NOTICE OF VOLUNTARY
LIQUIDATION
Notice is hereby given that Community Bank, Joseph, Oregon, an Oregon state chartered bank with its principal office at 609 North Main Street, Joseph, Oregon 97846 intends to voluntarily liquidate pursuant to Oregon law. On May 9, 2025, Community Bank consummated a transaction whereby Spokane Teachers Credit Union, a Washington state chartered credit union ("STCU"), purchased substantially all of the assets and assumed substantially all of the liabilities of Community Bank (the "Transaction").
There will be no interruption in service to the loan and deposit accounts of former Community Bank customers as all loan and deposit accounts of Community Bank were transferred to STCU upon consummation of the Transaction. The deposits transferred to STCU will be insured by the National Credit Union Administration and Federal Deposit Insurance Corporation insurance will terminate on the deposits on September 30, 2025.
Claims of all persons, other than depositors, should be presented in writing to the attention of Tom Moran prior to May 14, 2026, at Community Bank's address listed above. Failure to present a claim by the prescribed date may bar the subsequent enforcement of the claim in a court of competent jurisdiction.
Publish May 14, 21, 28, June 4, 2025
Posted Online 35 weeks ago
Published in the East Oregonian
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