Saturday, February 14, 2009

Pinnacle Bank of Beaverton EATED (Updated)

(with apologies for stealing this format from the great Eschaton)

The one-branch Pinnacle Bank of Beaverton: EATED by the Feds.

First Oregon bank EATED in 17 Years, according to The Oregonian.

Doing the math, we find one-branch minus one-branch equals zero branches.

Updated: This is the Wayback Machine's last snapshot of Pinnacle Banks' webpage, generated in October 2007. Is it just me, or did the entire banking "industry" start to go downhill when the services they provided become "products"? Deposit products? Whatever the hell is that supposed to be?

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