Bank failure · VT

Valley Bank (White River Junction, VT) — failed September 13, 1991

Valley Bank of White River Junction, Vermont was closed on September 13, 1991 and resolved through a purchase and assumption. Vermont National Bank (VT) took over its insured deposits. At failure it held $33.7M in assets and $35.6M in deposits. The FDIC's estimated loss on the failure is $11.1M (32.9% of assets).