Failed Bank Information for Valley Bank, Moline, IL
On Friday, June 20, 2014, Valley Bank was closed by the Illinois Department of Financial & Professional Regulation - Division of Banking. The FDIC was named Receiver. Great Southern Bank, Reeds Spring, MO acquired all deposit accounts.
The FDIC as Receiver for Valley Bank, Moline, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 4, 2020 and has made all dividend distributions required by law.
Effective February 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: February 1, 2021
Publication Date: September 4, 2020
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: GREAT SOUTHERN BANK
About Great Southern Bank
All deposit accounts were transferred to Great Southern Bank, Reeds Spring, MO ("assuming institution"). Former Valley Bank locations reopened as branches of Great Southern Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Great Southern 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 Great Southern Bank as long as the deposits are not pledged as collateral for loans.
Contacting Great Southern Bank
You can contact Great Southern Bank:
Great Southern Bank
14309 State Highway 13
Reeds Spring, MO 65737
Great Southern Bank (www.greatsouthernbank.com)
Purchase & Assumption Agreement - PDF (16 Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank