Bank failure · MT
Valley Bank of Belgrade (Belgrade, MT) — failed July 31, 1987
Valley Bank of Belgrade of Belgrade, Montana was closed on July 31, 1987 and resolved through a a/a. Valley Bank of Belgrade (MT) took over its insured deposits. At failure it held $18.6M in assets and $16.4M in deposits. The FDIC's estimated loss on the failure is $3.0M (16.3% of assets).
- Closing date
- July 31, 1987
- FDIC certificate #
- 15276
- Resolution
- A/A (assistance)
- Acquiring institution
- Valley Bank of Belgrade
- Insurance fund
- FDIC
- Pre-failure filings
- Last reported financials
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