Bank failure · CA
Valley State Bank (Los Angeles, CA) — failed September 28, 1987
Valley State Bank of Los Angeles, California was closed on September 28, 1987 and resolved through a purchase and assumption. Capital Bank of Californ (CA) took over its insured deposits. At failure it held $93.2M in assets and $92.0M in deposits. The FDIC's estimated loss on the failure is $2.2M (2.4% of assets).
- Closing date
- September 28, 1987
- FDIC certificate #
- 22857
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Capital Bank of Californ
- Insurance fund
- FDIC
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