The Graveyard › Banks › 1993
Valley National Bank of Fremont
Hamburg, IA · failed April 29, 1993 · FDIC certificate 14787
Valley National Bank of Fremont of Hamburg, IA failed on April 29, 1993. It opened in 1918, 75 years before. At its last report before that it held $7.0 million in assets and $6.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $10.1 million. The FDIC estimates that the Bank Insurance Fund lost $164,766 on it.
1984-031993-03
Assets at the end$7.0 millionlast report before April 29, 1993
Deposits at the end$6.8 million
Estimated loss to the fund$164,766BIF
Largest in the quarterly reports$10.1 millionMarch 31, 1986
Equity to assets1.6%March 31, 1993
Loans not being repaid8.0%noncurrent, March 31, 1993
Return on assets0.00%a year's rate, March 31, 1993
Staff7full time, March 31, 1993
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million 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.