Bank failure · CA
Golden Valley Bank (Turlock, CA) — failed March 25, 1985
Golden Valley Bank of Turlock, California was closed on March 25, 1985 and resolved through a purchase and assumption. Farmers&merchants Bk Cnt (CA) took over its insured deposits. At failure it held $82.2M in assets and $79.8M in deposits. The FDIC's estimated loss on the failure is $9.4M (11.5% of assets).
- Closing date
- March 25, 1985
- FDIC certificate #
- 22387
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Farmers&merchants Bk Cnt
- Insurance fund
- FDIC
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