VALLEY FEDERAL SAVINGS AND LOAN Failed 1988
What happened
VALLEY FEDERAL SAVINGS AND LOAN of ERWIN, TN was closed on 1988-04-12. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to HOME FS&LA OF UPPER EAST TN (JOHNSON CITY, TN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1665
- FDIC Certificate
- 27866
- FDIC FIN
- 1727
- Bank name
- VALLEY FEDERAL SAVINGS AND LOAN
- Location
- ERWIN, TN
- Failure date
- 1988-04-12
- FDIC resolution date
- 1988-04-12
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $90M
- Assets at failure
- $80M
- Acquiring bank
- HOME FS&LA OF UPPER EAST TN (JOHNSON CITY, TN)