# VALLEY FIRST FS&LA

> **Failed bank** · EL CENTRO, CA · failed 1983-01-14 · SL · FDIC cost $-7M

## What happened

VALLEY FIRST FS&LA of EL CENTRO, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $-7M
- **Deposits at failure:** $34M
- **Assets at failure:** $37M
- **Acquiring bank:** HOME FS&LA (SAN DIEGO, CA)

## Other banks HOME FS&LA has acquired in FDIC resolutions

- FIRSTSOUTH  FS&LA (PINE BLUFF, AR) — failed 1986-12-05 — /failed-bank/1319

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, VALLEY FIRST FS&LA (FDIC ID 745), failed 1983-01-14. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/745.

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