Bank failure · CA
Valley First Fs&la (El Centro, CA) — failed January 14, 1983
Valley First Fs&la of El Centro, California was closed on January 14, 1983 and resolved through a insured deposit transfer. Home Fs&la (CA) took over its insured deposits. At failure it held $37.1M in assets and $33.7M in deposits. The FDIC's estimated loss on the failure is −$7.4M (-20.0% of assets).
- Closing date
- January 14, 1983
- FDIC certificate #
- 31620
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Home Fs&la
- Insurance fund
- FSLIC
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