Albina Community Bancorp filed a voluntary petition for liquidation under Chapter 7 in the US Bankruptcy Court for the District of Oregon on September 17, 2014. The debtor listed its assets of $1.28 million and liabilities of $7.55 million. The main unsecured creditors include U.S. Bank National Association and Carroll Community Development LLC.

Brad A. Goergen and Mark D. Northrup of Graham & Dunn PC acted as legal counsel to debtor. Amy E Mitchell has been appointed as Chapter 7 Trustee to debtor's estate. Justin D Leonard of McKittrick Leonard LLP acted as legal counsel to trustee.