The Graveyard › Banks › 1987
Valley State Bank
Los Angeles, CA · failed September 28, 1987 · FDIC certificate 22857
Valley State Bank of Los Angeles, CA failed on September 28, 1987. It opened on May 7, 1979, 8 years before. At its last report before that it held $93.2 million in assets and $92.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $127.8 million. The FDIC estimates that the FDIC's insurance fund lost $2.2 million on it.
1984-031987-06
Assets at the end$93.2 millionlast report before September 28, 1987
Deposits at the end$92.0 million
Estimated loss to the fund$2.2 millionFDIC
Largest in the quarterly reports$127.8 millionDecember 31, 1985
Equity to assets-0.1%June 30, 1987
Loans not being repaid7.9%noncurrent, June 30, 1987
Return on assets-2.98%a year's rate, June 30, 1987
Staff101full time, June 30, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
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.