The Graveyard › Banks › 1985
Golden Valley Bank
Turlock · failed March 25, 1985 · FDIC certificate 22387
Golden Valley Bank of Turlock failed on March 25, 1985. It opened on December 23, 1976, 8 years before. At its last report before that it held $82.2 million in assets and $79.8 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $9.4 million on it.
1984-031984-12
Assets at the end$82.2 millionlast report before March 25, 1985
Deposits at the end$79.8 million
Estimated loss to the fund$9.4 millionFDIC
Equity to assets0.3%December 31, 1984
Loans not being repaid13.3%noncurrent, December 31, 1984
Return on assets-2.22%a year's rate, December 31, 1984
Staff78full time, December 31, 1984
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.