Failed Bank Information for Valley Bank, Fort Lauderdale, FL
On Friday, June 20, 2014, Valley Bank was closed by the Florida Office of Financial Regulation. The FDIC was named Receiver. Landmark Bank, National Association, Fort Lauderdale, FL acquired all deposit accounts.
The FDIC as Receiver for Valley Bank, Fort Lauderdale, FL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 8, 2019 and has made all dividend distributions required by law.
Effective October 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: October 1, 2019
Publication Date: February 8, 2019
Report on dividends paid
Official press release
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: LANDMARK BANK
About Landmark Bank
All deposit accounts, including brokered deposits, were transferred to Landmark Bank, Fort Lauderdale, FL ("assuming institution"). Former Valley Bank locations reopened as branches of Landmark Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Landmark Bank for at least six months after the failure of Valley Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Landmark Bank as long as the deposits are not pledged as collateral for loans.
Contacting Landmark Bank
On February 24, 2017, Landmark Bank merged with Centennial Bank
You can contact Centennial Bank:
620 Chestnut Street
Conway, AR 72032
Centennial Bank (www.my100bank.com)
Purchase & Assumption Agreement - PDF (14Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank