Bank Failure
Home Valley Bank
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Closed July 23, 2010 · Cave Junction, OR · FDIC Cert #23181.
- Closing date
- July 23, 2010
- Headquarters
- Cave Junction, OR
- FDIC Certificate
- 23181
- Total assets at closing
- $250.5M
- Total deposits at closing
- $227.9M
- Estimated loss to the insurance fund
- $28.1M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- South Valley Bank & Trust
Context
On July 23, 2010, regulators closed Home Valley Bank, headquartered in Cave Junction, OR. At closing, the institution held approximately $250.5M in assets and $227.9M in deposits. The FDIC record names South Valley Bank & Trust as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $28.1M.
By assets at closing this is the 643rd largest of the 3,526 bank failures in the FDIC record, and the 78th of 157 in 2010. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Home Valley Bank fail?
Home Valley Bank was closed by regulators on July 23, 2010.
Who acquired Home Valley Bank?
The FDIC record names South Valley Bank & Trust as the acquiring institution in the resolution of Home Valley Bank.
How big was Home Valley Bank when it failed?
Home Valley Bank had approximately $250.5M in total assets and $227.9M in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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