Bank failure · TX
The Valley View National Bank (Valley View, TX) — failed June 28, 1990
The Valley View National Bank of Valley View, Texas was closed on June 28, 1990 and resolved through a purchase and assumption. The Gainesville National Ba (TX) took over its insured deposits. At failure it held $13.0M in assets and $13.0M in deposits. The FDIC's estimated loss on the failure is $1.5M (11.6% of assets).
- Closing date
- June 28, 1990
- FDIC certificate #
- 5566
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Gainesville National Ba
- Insurance fund
- BIF
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