Valley Bank, Fort Lauderdale, FL, Closed by Regulators, 11th Banking Failure of 2014

Valley Bank of Fort Lauderdale, Florida, was one of two banks shuttered by regulators today.  The other banking failure was Valley Bank, Moline, Illinois.  Both failed banks were owned by the same holding company, River Valley Bancorp, Inc., Davenport, IA.  The holding company was not included in the bank closings or the receivership. Florida state […]

Valley Bank, Moline, IL, Closed by Regulators, Tenth and Largest Bank Failure of 2014

The Illinois Department of Financial and Professional Regulation closed the Valley Bank, Moline, Illinois, and appointed the FDIC as receiver.  To protect depositors, the FDIC sold the failed bank to Great Southern Bank, Reeds Spring, Missouri, which will assume all deposits of Valley Bank. Valley Bank was founded by a group of local bankers and […]