GRANTS PASS, Ore. (AP) — The former Home Valley Bank closed by the state on Friday has been absorbed by another bank and reopened.
Customers are expected to see little change at the bank, which is now part of Klamath Falls-based South Valley Bank & Trust.
On Friday, Home Valley customers learned the bank and its five branches were being closed by the Oregon Department of Consumer and Business Services. The Federal Deposit Insurance Corporation was named receiver.
The bank’s 61 employees have all been retained and were back on the job Monday.
