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Bank failure · CA

Valencia Bank (Placentia, CA) — failed February 7, 1986

Valencia Bank of Placentia, California was closed on February 7, 1986 and resolved through a insured deposit transfer. Barclays Bank of Califor (CA) took over its insured deposits. At failure it held $101.1M in assets and $99.2M in deposits.

Closing date
February 7, 1986
FDIC certificate #
20572
Resolution
Insured deposit transfer (failure)
Acquiring institution
Barclays Bank of Califor
Insurance fund
FDIC

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What happens when a bank fails