Bank failure · CO
Valley Federal S & L Assoc. (Grand Junction, CO) — failed March 9, 1989
Valley Federal S & L Assoc. of Grand Junction, Colorado was closed on March 9, 1989 and resolved through a insured deposit transfer. Mesa Nb (CO) took over its insured deposits. At failure it held $83.8M in assets and $116.7M in deposits. The FDIC's estimated loss on the failure is $86.7M (103.5% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 28414
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Mesa Nb
- Insurance fund
- RTC
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