Bank failure · IL
Valley Bank (Moline, IL) — failed June 20, 2014
Valley Bank of Moline, Illinois was closed on June 20, 2014 and resolved through a purchase and assumption. Great Southern Bank (MO) took over its insured deposits. At failure it held $456.4M in assets and $360.0M in deposits. The FDIC's estimated loss on the failure is $47.8M (10.5% of assets).
- Closing date
- June 20, 2014
- FDIC certificate #
- 10450
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Great Southern Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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