Bank failure · CA

West Valley Bank (Woodland Hills, CA) — failed February 8, 1985

West Valley Bank of Woodland Hills, California was closed on February 8, 1985 and resolved through a purchase and assumption. First Interstate Bank Lt (CA) took over its insured deposits. At failure it held $48.3M in assets and $43.4M in deposits. The FDIC's estimated loss on the failure is $1.2M (2.6% of assets).