The Graveyard › Banks › 1992
Valley Fs & La
Van Nuys, CA · failed April 10, 1992 · FDIC certificate 31768
Valley Fs & La of Van Nuys, CA failed on April 10, 1992. It opened on May 18, 1976, 15 years before. At its last report before that it held $2.0 billion in assets and $1.5 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $3.4 billion. The FDIC estimates that the Resolution Trust Corporation lost $124.4 million on it.
1984-031992-03
Assets at the end$2.0 billionlast report before April 10, 1992
Deposits at the end$1.5 billion
Estimated loss to the fund$124.4 millionRTC
Largest in the quarterly reports$3.4 billionDecember 31, 1988
Equity to assets0.2%March 31, 1992
Loans not being repaid6.2%noncurrent, March 31, 1992
Return on assets0.17%a year's rate, March 31, 1992
Staff219full time, March 31, 1992
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.