MOUNTAIN VALLEY BANK Failed 1986
What happened
MOUNTAIN VALLEY BANK of CONIFER, CO was closed on 1986-07-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF MOUNTAIN VALLEY (CONIFER, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1240
- FDIC Certificate
- 23021
- FDIC FIN
- 2582
- Bank name
- MOUNTAIN VALLEY BANK
- Location
- CONIFER, CO
- Failure date
- 1986-07-25
- FDIC resolution date
- 1986-07-25
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $7M
- Assets at failure
- $8M
- Acquiring bank
- BANK OF MOUNTAIN VALLEY (CONIFER, CO)
Other banks BANK OF MOUNTAIN VALLEY acquired in FDIC resolutions