The Graveyard › Banks › 1992
The Bank of Verde Valley
Cottonwood, AZ · failed January 16, 1992 · FDIC certificate 26954
The Bank of Verde Valley of Cottonwood, AZ failed on January 16, 1992. It opened on April 30, 1987, 4 years before. At its last report before that it held $10.3 million in assets and $10.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $12.5 million. The FDIC estimates that the Bank Insurance Fund lost $1.4 million on it.
1987-061991-09
Assets at the end$10.3 millionlast report before January 16, 1992
Deposits at the end$10.2 million
Estimated loss to the fund$1.4 millionBIF
Largest in the quarterly reports$12.5 millionJune 30, 1990
Equity to assets0.4%September 30, 1991
Loans not being repaid1.5%noncurrent, September 30, 1991
Return on assets-3.75%a year's rate, September 30, 1991
Staff10full time, September 30, 1991
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 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.