GOLDEN VALLEY BANK Failed 1985

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

What happened

GOLDEN VALLEY BANK of TURLOCK, CA was closed on 1985-03-25. The FDIC was named receiver.

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

Deposits were transferred to FARMERS&MERCHANTS BK CNT (LODI, CA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
970
FDIC Certificate
22387
FDIC FIN
2450
Bank name
GOLDEN VALLEY BANK
Location
TURLOCK, CA
Failure date
1985-03-25
FDIC resolution date
1985-03-25
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.)
$9M
Deposits at failure
$80M
Assets at failure
$82M
Acquiring bank
FARMERS&MERCHANTS BK CNT (LODI, CA)