The Graveyard › Banks › 1991

Valley Bank

White River Junction, VT · failed September 13, 1991 · FDIC certificate 26924

Valley Bank of White River Junction, VT failed on September 13, 1991. It opened on March 23, 1987, 4 years before. At its last report before that it held $33.7 million in assets and $35.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $44.3 million. The FDIC estimates that the Bank Insurance Fund lost $11.1 million on it.

1987-031991-06

Assets at the end$33.7 millionlast report before September 13, 1991

Deposits at the end$35.6 million

Estimated loss to the fund$11.1 millionBIF

Largest in the quarterly reports$44.3 millionSeptember 30, 1989

Equity to assets-5.7%June 30, 1991

Loans not being repaid14.6%noncurrent, June 30, 1991

Return on assets-10.88%a year's rate, June 30, 1991

Staff21full time, June 30, 1991

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Also ended in 1991

Bank of New England, National Association · Boston, MA · $13.4 billion in assets
Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
Goldome · Buffalo, NY · $9.9 billion in assets
Great American Fsa · San Diego, CA · $9.5 billion in assets
The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
Sunbelt Savings · Irving, TX · $6.0 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.