WEST VALLEY BANK Failed 1985

WOODLAND HILLS, CA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

WEST VALLEY BANK of WOODLAND HILLS, CA was closed on 1985-02-08. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST INTERSTATE BANK LT (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
961
FDIC Certificate
22673
FDIC FIN
2443
Bank name
WEST VALLEY BANK
Location
WOODLAND HILLS, CA
Failure date
1985-02-08
FDIC resolution date
1985-02-08
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.)
$1M
Deposits at failure
$43M
Assets at failure
$48M
Acquiring bank
FIRST INTERSTATE BANK LT (LOS ANGELES, CA)