Failed Bank List

Closed Friday, December 11, 2009 · Mesa, Maricopa County, Arizona

Valley Capital Bank, N.A.

Valley Capital Bank, N.A. failed three years after it opened in 2006. Equity capital was below zero at its last report. It lost money in every one of the four reporting years on file before it closed.

On the books, 2006 to 2009

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$15M$30M$45M$60M200720082009Closed
Total assets peaked at $49.5 million in the third quarter of 2008 and were 19% lower at the final report. Equity capital had covered 63% of assets in the fourth quarter of 2006. By then 11% of its loans were 90 days or more past due or no longer accruing interest. The deepest annual loss, $7.8 million, was booked in 2008.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end−$8M2006: −$912 thousand200663%2007: −$925 thousand200741%2008: −$7.8 million20088.8%2009: −$5.5 million2009*neg.
* 2009: January to September only, the last report before closing.

Size against the other 2009 failures

Total assets of the 140 banks that failed in 2009, log scale$10M$100M$1B$10B$100B
Total assets of each 2009 failure, log scale; Valley Capital Bank in red.

By assets it ranked 134th of the 140 failures in 2009. Within Arizona it ranks 27th by size of the 44 failures recorded since 1934. Across the failures of 2009, the median estimated loss came to 27% of assets. In the size ranking of that year, just above it was Citizens Community Bank of Ridgewood, New Jersey ($40.7 million, loss 45% of assets); just below, Southern Colorado National Bank of Pueblo, Colorado ($37.1 million, loss 22% of assets). Every 2009 failure in the explorer.

Two other banks closed that day; the largest was SolutionsBank of Overland Park, Kansas, at $511 million.

Failures in Arizona

It was one of five banks in Arizona to fail in 2009. The previous failure there was Bank USA, N.A. of Phoenix, on October 30, 2009. The next was Desert Hills Bank of Phoenix, on March 26, 2010. Maricopa County has 35 failed banks on FDIC record since 1934. Closest in time: Community Bank of Arizona (2009), Union Bank, National Association (2009), Bank USA, N.A. (2009), Desert Hills Bank (2010), Towne Bank of Arizona (2010).

Bank failures in Arizona per year, 1980 to 20260369121981: 11988: 21989: 111990: 81991: 21992: 32002: 12009: 52010: 42011: 32013: 319801990200020102020
Per year since 1980, 2009 in red. Every Arizona failure

The acquiring bank

Enterprise Bank & Trust of Clayton, Missouri took over three failed banks between 2000 and 2026. The others:

FDIC certificate 58399 · loss estimate as of July 31, 2026 · How to read this page