VALLEY CAPITAL BANK, N.A. Failed 2009
What happened
VALLEY CAPITAL BANK, N.A. of MESA, AZ was closed on 2009-12-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ENTERPRISE BANK & TRUST (CLAYTON, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3726
- FDIC Certificate
- 58399
- FDIC FIN
- 10159
- Bank name
- VALLEY CAPITAL BANK, N.A.
- Location
- MESA, AZ
- Failure date
- 2009-12-11
- FDIC resolution date
- 2009-12-11
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $41M
- Assets at failure
- $40M
- Acquiring bank
- ENTERPRISE BANK & TRUST (CLAYTON, MO)
Other banks ENTERPRISE BANK & TRUST acquired in FDIC resolutions