Bank failure · AZ
The Bank of Verde Valley (Cottonwood, AZ) — failed January 16, 1992
The Bank of Verde Valley of Cottonwood, Arizona was closed on January 16, 1992 and resolved through a purchase and assumption. Stockmens Bank (AZ) took over its insured deposits. At failure it held $10.3M in assets and $10.2M in deposits. The FDIC's estimated loss on the failure is $1.4M (13.8% of assets).
- Closing date
- January 16, 1992
- FDIC certificate #
- 26954
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Stockmens Bank
- Insurance fund
- BIF
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