VALLEY BANK Failed 1991
What happened
VALLEY BANK of WHITE RIVER JUNCTION, VT was closed on 1991-09-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to VERMONT NATIONAL BANK (BRATTLEBORO, VT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3184
- FDIC Certificate
- 26924
- FDIC FIN
- 4397
- Bank name
- VALLEY BANK
- Location
- WHITE RIVER JUNCTION, VT
- Failure date
- 1991-09-13
- FDIC resolution date
- 1991-09-13
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $36M
- Assets at failure
- $34M
- Acquiring bank
- VERMONT NATIONAL BANK (BRATTLEBORO, VT)