Bank Branches › Closed and merged banks › Oregon › South Valley Bank & Trust
What happened to South Valley Bank & Trust?
South Valley Bank & Trust in Klamath Falls, OR (earlier called South Valley State Bank) merged into Washington Federal of Seattle, WA on Oct 31, 2012. That bank is now called WaFd Bank (Seattle, WA).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1977South Valley State Bank opens in Klamath Falls, OR
- Oct 31, 1996renamed South Valley Bank & Trust
- Oct 31, 2012MERGEDSouth Valley Bank & Trust merged into Washington Federal of Seattle, WA.FDIC certificate 22401 ends; its business continues under certificate 28088.
- TodayOPEN
WaFd BankMain office Seattle, WA · FDIC certificate 28088 · 212 offices in 9 states on June 30, 2026Every WaFd Bank office → Website on file with the FDIC: www.wafdbank.com
If you still have something from South Valley Bank & Trust
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows South Valley Bank & Trust as lienholder, start with WaFd Bank. In a merger the surviving bank takes over the other bank's loans, so it is the bank to ask for a recordable lien release; if the loan was sold along the way, it can tell you to whom.
The FDIC says it cannot process lien releases for banks that merged or were acquired without government assistance, which is what the record shows here.
Record the release with the same county office that recorded the original mortgage or deed of trust.
An old account, passbook or CD
Ask WaFd Bank to search for the account under the name South Valley Bank & Trust. A passbook or certificate shows an account existed. It doesn't show the money is still there, and the OCC notes that federal rules require banks to keep most account records for five years.
Accounts nobody touches are eventually turned over to a state. The OCC puts the usual wait at three to five years with no activity, set by each state's law. Search the unclaimed-property program of the state of the owner's last known address on the bank's records, and any other state they lived in. It is free to search and to claim through a state's own site, and MissingMoney.com, an official site of the state administrators' association, searches most states at once.
A safe deposit box
Ask WaFd Bank which branch now holds boxes from the South Valley Bank & Trust office you used. The OCC says a box with no activity for three to five years (the period is set by state statute) is likely treated as dormant, and its contents may be turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain. The office list below shows which bank each office reports under now.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Its offices in the FDIC deposit reports
26 offices filed under this charter in some year from 1994 on. 13 are still open as of June 30, 2026.
| Office | Now |
|---|---|
| 572 Sw Bluff Dr, Ste 120Bend, OR | OpenWaFd Bank |
| 600 Biddle RdMedford, OR | OpenWaFd Bank |
| 5215 S 6th StKlamath Falls, OR | OpenWaFd Bank |
| 803 Main StKlamath Falls, OR | OpenWaFd Bank |
| 125 North E StreetLakeview, OR | OpenWaFd Bank |
| 51535 Huntington RdLa Pine, OR | OpenWaFd Bank |
| 855 Sw Veterans Way, Chelsea Square, Building 2,Redmond, OR | OpenWaFd Bank |
| 660 Se 7th StGrants Pass, OR | OpenWaFd Bank |
| 290 Union AveGrants Pass, OR | OpenWaFd Bank |
| 135 S Redwood HwyCave Junction, OR | OpenWaFd Bank |
| 1570 Ne 3rd StPrineville, OR | OpenWaFd Bank |
| 610 N Arrowleaf TrlSisters, OR | OpenWaFd Bank |
| 2323 Avenue HWhite City, OR | OpenWaFd Bank |
| 735 Ne Purcell BlvdBend, OR | No longer reported |
| 2491 Dahlia StreetKlamath Falls, OR | No longer reported |
| 138345 Highway 97 NGilchrist, OR | No longer reported |
| 3808 Brooke DriveKlamath Falls, OR | No longer reported |
| 1613 Washburn WayKlamath Falls, OR | No longer reported |
| 3220 Hillcrest Park DriveMedford, OR | No longer reported |
| 891 O'hare ParkwayMedford, OR | No longer reported |
| 116 W Valley View RdTalent, OR | No longer reported |
| 860 O'hare Parkway, Suite 100Medford, OR | No longer reported |
| 5080 Monument DriveGrants Pass, OR | No longer reported |
| 1532 Northeast 'f' StreetGrants Pass, OR | No longer reported |
| 12 Southwest 5th StMadras, OR | No longer reported |
| 1611 Virginia St Ste 202North Bend, OR | No longer reported |
Banks folded into South Valley Bank & Trust
1 bank merged directly into this charter.
| Bank | Ended |
|---|---|
| Home Valley BankCave Junction, OR | Jul 23, 2010 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 22401 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.