Bank failure · FL
Valley Bank (Fort Lauderdale, FL) — failed June 20, 2014
Valley Bank of Fort Lauderdale, Florida was closed on June 20, 2014 and resolved through a purchase and assumption. Landmark Bank, National Association (FL) took over its insured deposits. At failure it held $81.8M in assets and $66.5M in deposits. The FDIC's estimated loss on the failure is $5.4M (6.6% of assets).
- Closing date
- June 20, 2014
- FDIC certificate #
- 21793
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Landmark Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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