VALLEY COMMERCIAL BANK Failed 1992
What happened
VALLEY COMMERCIAL BANK of STOCKTON, CA was closed on 1992-04-24. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to UNION SAFE DEPOSIT BANK (STOCKTON, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3311
- FDIC Certificate
- 23865
- FDIC FIN
- 4479
- Bank name
- VALLEY COMMERCIAL BANK
- Location
- STOCKTON, CA
- Failure date
- 1992-04-24
- FDIC resolution date
- 1992-04-24
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $29M
- Assets at failure
- $31M
- Acquiring bank
- UNION SAFE DEPOSIT BANK (STOCKTON, CA)