Bank failure · CA

Valley Commercial Bank (Stockton, CA) — failed April 24, 1992

Valley Commercial Bank of Stockton, California was closed on April 24, 1992 and resolved through a insured deposit transfer. Union Safe Deposit Bank (CA) took over its insured deposits. At failure it held $30.8M in assets and $29.4M in deposits. The FDIC's estimated loss on the failure is $4.8M (15.7% of assets).