Bank Failure
Valley Capital Bank, N.A.
BankRegReports is independent of Valley Capital Bank, N.A. and never asks for online banking logins or passwords.
Closed December 11, 2009 · Mesa, AZ · FDIC Cert #58399.
- Closing date
- December 11, 2009
- Headquarters
- Mesa, AZ
- FDIC Certificate
- 58399
- Total assets at closing
- $40.3M
- Total deposits at closing
- $41.3M
- Estimated loss to the insurance fund
- $15.0M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Enterprise Bank & Trust
Context
On December 11, 2009, regulators closed Valley Capital Bank, N.A., headquartered in Mesa, AZ. At closing, the institution held approximately $40.3M in assets and $41.3M in deposits. The FDIC record names Enterprise Bank & Trust as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $15.0M.
By assets at closing this is the 1809th largest of the 3,526 bank failures in the FDIC record, and the 134th of 140 in 2009. 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 Valley Capital Bank, N.A. fail?
Valley Capital Bank, N.A. was closed by regulators on December 11, 2009.
Who acquired Valley Capital Bank, N.A.?
The FDIC record names Enterprise Bank & Trust as the acquiring institution in the resolution of Valley Capital Bank, N.A.
How big was Valley Capital Bank, N.A. when it failed?
Valley Capital Bank, N.A. had approximately $40.3M in total assets and $41.3M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
Explore: all failures · AZ bank events · 2009 events · events hub