VALLEY FIRST FS&LA Failed 1983
What happened
VALLEY FIRST FS&LA of EL CENTRO, CA was closed on 1983-01-14. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to HOME FS&LA (SAN DIEGO, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 745
- FDIC Certificate
- 31620
- FDIC FIN
- 7502
- Bank name
- VALLEY FIRST FS&LA
- Location
- EL CENTRO, CA
- Failure date
- 1983-01-14
- FDIC resolution date
- 1983-01-14
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $-7M
- Deposits at failure
- $34M
- Assets at failure
- $37M
- Acquiring bank
- HOME FS&LA (SAN DIEGO, CA)
Other banks HOME FS&LA acquired in FDIC resolutions