$71.9M
total assets, December 31, 2008
Pinnacle Bank was a state nonmember bank in Beaverton, OR. It failed on Feb 13, 2009, and Washington Trust Bank took over its deposits. At its last report it held $71.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Feb 13, 2009
- Assets
- $71.9M
- Deposits
- $64.2M
- Estimated cost
- $10.2M
- Deposits went to
- Washington Trust Bank, Spokane, WA
Total assets
$71.9M
-17.1% in a year · -2.5% in a quarter
Deposits
$64.2M
-17.1% in a year · -1.6% in a quarter
Loans
$64.3M
-1.0% in a year · -2.1% in a quarter
Profit so far
-$3.0M
Jan 1 to Dec 31, 2008
Capital ratio
7.97%
-1.69 pts in a year
Return on assets
-3.68%
-2.32 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 8880 Sw Nimbus Avenue, Suite D, Beaverton, OR, 97008
- County
- Washington
- Established
- Sep 18, 2002
- Failed
- Feb 13, 2009
- Employees
- 20
- Branches
- 1
- Id
- b57342
Quarter by quarter
September 30, 2002 to December 31, 2008
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Pinnacle Bank?
$71.9 million in total assets and $64.2 million in deposits as of December 31, 2008, with assets down 17.1% from a year before. Its loans were $64.3 million.
How many branches does Pinnacle Bank have?
1 branch in Oregon as of June 30, 2026.
Is Pinnacle Bank profitable?
No: it lost $2.99 million from January 1 to December 31, 2008. Its return on assets was -3.68% a year; about 1% is typical.
When did Pinnacle Bank fail?
Feb 13, 2009. Washington Trust Bank of Spokane, WA took over its deposits. The estimated cost of the failure was $10.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.