Bank failure · AZ
Valley Capital Bank, N.A. (Mesa, AZ) — failed December 11, 2009
Valley Capital Bank, N.A. of Mesa, Arizona was closed on December 11, 2009 and resolved through a purchase and assumption. Enterprise Bank & Trust (MO) took over its insured deposits. At failure it held $40.3M in assets and $41.3M in deposits. The FDIC's estimated loss on the failure is $15.0M (37.4% of assets).
- Closing date
- December 11, 2009
- FDIC certificate #
- 58399
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Enterprise Bank & Trust
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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