Bank of Salem

Status:Inactive as of 12/01/2007
 Merger - Without Assistance
Successor Bank:Frontier Bank
Headquarters:Bank of Salem
1995 Commercial Street Southeast
Salem, OR 97302
Established:02/19/1991
FDIC Insurance:02/19/1991
FDIC Cert:#33313
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$210,847,000
Total Deposits:$172,306,000

History

1991-02-19Institution established: Original name:Bank of Salem
2007-12-01Merged into and subsequently operated as part of Frontier Bank (22710) in EVERETT, WA
2010-04-30Failed. Acquired with government financial assistance and subsequently operated as part of Union Bank, National Association (22826)
2012-12-03Acquired Santa Barbara Bank & Trust, National Association (18169) in SANTA BARBARA, CA
2014-07-01Changed name to MUFG Union Bank, National Association (22826)
2020-02-21Moved bank headquarters from EVERETT, WA to SAN FRANCISCO, CA

Financial Information (2007-09-30 and Older)