VALLEY FEDERAL S & L ASSOC. Failed 1989
What happened
VALLEY FEDERAL S & L ASSOC. of GRAND JUNCTION, CO was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to MESA NB (GRAND JUNCTION, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2181
- FDIC Certificate
- 28414
- FDIC FIN
- 6954
- Bank name
- VALLEY FEDERAL S & L ASSOC.
- Location
- GRAND JUNCTION, CO
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-02-02
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $87M
- Deposits at failure
- $117M
- Assets at failure
- $84M
- Acquiring bank
- MESA NB (GRAND JUNCTION, CO)
Other banks MESA NB acquired in FDIC resolutions