Bank failure · CA

Valley Fs & LA (Van Nuys, CA) — failed April 10, 1992

Valley Fs & LA of Van Nuys, California was closed on April 10, 1992 and resolved through a purchase and assumption. American Sb, Fa (CA) took over its insured deposits. At failure it held $2.0B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $124.4M (6.2% of assets).