VALENCIA BANK Failed 1986
What happened
VALENCIA BANK of PLACENTIA, CA was closed on 1986-02-07. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to BARCLAYS BANK OF CALIFOR (SAN FRANCISCO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1142
- FDIC Certificate
- 20572
- FDIC FIN
- 6657
- Bank name
- VALENCIA BANK
- Location
- PLACENTIA, CA
- Failure date
- 1986-02-07
- FDIC resolution date
- 1986-02-07
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $99M
- Assets at failure
- $101M
- Acquiring bank
- BARCLAYS BANK OF CALIFOR (SAN FRANCISCO, CA)