# VALLEY FEDERAL SAVINGS

> **Failed bank** · MCALLEN, TX · failed 1989-10-19 · SL · FDIC cost $235M

## What happened

VALLEY FEDERAL SAVINGS of MCALLEN, TX was closed by state regulators on **1989-10-19**. The FDIC was named receiver.

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

Deposits were transferred to **INTERNATIONAL BANK OF COMME** (LAREDO, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2533
- **FDIC Certificate:** 29183
- **FDIC FIN:** 7111
- **Bank name:** VALLEY FEDERAL SAVINGS
- **Location:** MCALLEN, TX
- **Failure date:** 1989-10-19
- **FDIC resolution date:** 1990-06-29
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $235M
- **Deposits at failure:** $543M
- **Assets at failure:** $517M
- **Acquiring bank:** INTERNATIONAL BANK OF COMME (LAREDO, TX)

## Other banks INTERNATIONAL BANK OF COMME has acquired in FDIC resolutions

- TRAVIS SAVINGS & LOAN ASSOC. (SAN ANTONIO, TX) — failed 1990-06-29 — /failed-bank/2833

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, VALLEY FEDERAL SAVINGS (FDIC ID 2533), failed 1989-10-19. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2533.

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