# VALLEY STATE BANK

> **Failed bank** · LOS ANGELES, CA · failed 1987-09-28 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

VALLEY STATE BANK of LOS ANGELES, CA was closed by regulators on **1987-09-28**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CAPITAL BANK OF CALIFORN** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1525
- **FDIC Certificate:** 22857
- **FDIC FIN:** 2732
- **Bank name:** VALLEY STATE BANK
- **Location:** LOS ANGELES, CA
- **Failure date:** 1987-09-28
- **FDIC resolution date:** 1987-09-28
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $92M
- **Assets at failure:** $93M
- **Acquiring bank:** CAPITAL BANK OF CALIFORN (LOS ANGELES, CA)

## Other banks CAPITAL BANK OF CALIFORN has acquired in FDIC resolutions

- COMMONWEALTH BANK (TORRANCE, CA) — failed 1987-09-25 — /failed-bank/1524

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=VALLEY%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, VALLEY STATE BANK (FDIC ID 1525), failed 1987-09-28. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1525.

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