Valley Federal Savings and Loan Association

Status:Inactive as of 10/19/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Valley Federal Savings Association
Headquarters:Valley Federal Savings and Loan Association
#1 South Broadway
Mcallen, TX 78502
Established:10/01/1934
FDIC Insurance:11/13/1934
FDIC Cert:#29183
Charter Class:
Total Assets:$517,092,000
Total Deposits:$542,897,000

History

1934-10-01Institution established: Original name:Valley Federal Savings and Loan Association
1989-10-19Institution established: Original name:Valley Federal Savings Association (32823)
1989-10-19Placed into government conservatorship.
1989-10-19Failed, went into receivership, and then became part of Valley Federal Savings Association (32823)
1990-06-29Government conservatorship or bridge bank resolved.
1990-06-29Acquired after government financial assistance and subsequently operated as part of International Bank of Commerce (19629)
1991-06-21Acquired Travis Federal Savings and Loan Association (33090) in SAN ANTONIO, TX
1992-06-25Acquired Castle Hills National Bank (25063) in SAN ANTONIO, TX
1994-09-01Acquired First State Bank and Trust Company (11940) in PORT LAVACA, TX
1995-01-31Acquired Bank of Corpus Christi (24475) in CORPUS CHRISTI, TX
1995-09-08Acquired Stone Oak National Bank (24549) in SAN ANTONIO, TX
1997-11-06Acquired University Bank (15885) in HOUSTON, TX
2001-12-28Acquired NBC Bank, National Association (3180) in EAGLE PASS, TX
2004-04-16Moved bank headquarters from MCALLEN, TX to LAREDO, TX
2004-06-19Acquired Local Oklahoma Bank (28542) in OKLAHOMA CITY, OK
2007-03-16Acquired Commercial State Bank (1217) in SINTON, TX