VALLEY BANK Failed 2014
What happened
VALLEY BANK of FORT LAUDERDALE, FL was closed on 2014-06-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LANDMARK BANK, NATIONAL ASSOCIATION (FORT LAUDERDALE, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4068
- FDIC Certificate
- 21793
- FDIC FIN
- 10501
- Bank name
- VALLEY BANK
- Location
- FORT LAUDERDALE, FL
- Failure date
- 2014-06-20
- FDIC resolution date
- 2014-06-20
- 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.)
- $5M
- Deposits at failure
- $67M
- Assets at failure
- $82M
- Acquiring bank
- LANDMARK BANK, NATIONAL ASSOCIATION (FORT LAUDERDALE, FL)