# VALLEY FS & LA

> **Failed bank** · VAN NUYS, CA · failed 1992-04-10 · SL · FDIC cost $124M

## What happened

VALLEY FS & LA of VAN NUYS, CA was closed by state regulators on **1992-04-10**. The FDIC was named receiver.

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

Deposits were transferred to **AMERICAN SB, FA** (STOCKTON, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3309
- **FDIC Certificate:** 31768
- **FDIC FIN:** 1208
- **Bank name:** VALLEY FS & LA
- **Location:** VAN NUYS, CA
- **Failure date:** 1992-04-10
- **FDIC resolution date:** 1992-04-10
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $124M
- **Deposits at failure:** $1,550M
- **Assets at failure:** $1,996M
- **Acquiring bank:** AMERICAN SB, FA (STOCKTON, CA)

## Other banks AMERICAN SB, FA has acquired in FDIC resolutions

- ENCINO SAVINGS BANK, FSB (ENCINO, CA) — failed 1994-06-03 — /failed-bank/3487
- HUNTINGTON FS & LA (HUNTINGTON BEACH, CA) — failed 1990-02-09 — /failed-bank/2651

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=VALLEY%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, VALLEY FS & LA (FDIC ID 3309), failed 1992-04-10. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3309.

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