# VALLEY FEDERAL SAVINGS AND LOAN

> **Failed bank** · ERWIN, TN · failed 1988-04-12 · SL · FDIC cost $7M

## What happened

VALLEY FEDERAL SAVINGS AND LOAN of ERWIN, TN was closed by state regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $90M
- **Assets at failure:** $80M
- **Acquiring bank:** HOME FS&LA OF UPPER EAST TN (JOHNSON CITY, TN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=VALLEY%20FEDERAL%20SAVINGS%20AND%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, VALLEY FEDERAL SAVINGS AND LOAN (FDIC ID 1665), failed 1988-04-12. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1665.

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