Bank Failure
Valley Bank
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Closed June 20, 2014 · Moline, IL · FDIC Cert #10450.
- Closing date
- June 20, 2014
- Headquarters
- Moline, IL
- FDIC Certificate
- 10450
- Total assets at closing
- $456.4M
- Total deposits at closing
- $360.0M
- Estimated loss to the insurance fund
- $47.8M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Great Southern Bank
Context
On June 20, 2014, regulators closed Valley Bank, headquartered in Moline, IL. At closing, the institution held approximately $456.4M in assets and $360.0M in deposits. The FDIC record names Great Southern Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $47.8M.
By assets at closing this is the 399th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 18 in 2014. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Valley Bank fail?
Valley Bank was closed by regulators on June 20, 2014.
Who acquired Valley Bank?
The FDIC record names Great Southern Bank as the acquiring institution in the resolution of Valley Bank.
How big was Valley Bank when it failed?
Valley Bank had approximately $456.4M in total assets and $360.0M in deposits at the time of failure.
Other failures in 2014
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 2014 | Northern Star Bank | $18.8M |
| Nov 7, 2014 | Frontier Bank, FSB | $80.7M |
| Oct 24, 2014 | The National Republic Bank of Chicago | $843.1M |
| Oct 17, 2014 | NBRS Financial Bank | $155.4M |
| Jul 25, 2014 | Greenchoice Bank, FSB | $70.3M |
| Jul 18, 2014 | Eastside Commercial Bank | $173.9M |
| Jun 27, 2014 | The Freedom State Bank | $22.8M |
| Jun 20, 2014 | Valley Bank | $81.8M |
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