Le Lézard
Subject: Business Update
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Farmington State Bank Consents to Federal Reserve Order
Farmington State Bank has consented to the Federal Reserve order published today. All bank regulatory approvals for the assumption of deposits and the purchase of assets by Bank of Eastern Oregon of Farmington State Bank have been received. The transaction is expected to close by August 31, 2023.
Farmington State Bank looks forward to working with the Federal Reserve and the Washington DFI on the orderly liquidation and wind down of the bank.
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