THE VALLEY VIEW NATIONAL BANK Failed 1990
What happened
THE VALLEY VIEW NATIONAL BANK of VALLEY VIEW, TX was closed on 1990-06-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE GAINESVILLE NATIONAL BA (GAINESVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2826
- FDIC Certificate
- 5566
- FDIC FIN
- 4238
- Bank name
- THE VALLEY VIEW NATIONAL BANK
- Location
- VALLEY VIEW, TX
- Failure date
- 1990-06-28
- FDIC resolution date
- 1990-06-28
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $13M
- Assets at failure
- $13M
- Acquiring bank
- THE GAINESVILLE NATIONAL BA (GAINESVILLE, TX)
Other banks THE GAINESVILLE NATIONAL BA acquired in FDIC resolutions