# THE NORTH AMERICAN BANK

> **Failed bank** · PHOENIX, AZ · failed 1988-01-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

THE NORTH AMERICAN BANK of PHOENIX, AZ was closed by regulators on **1988-01-08**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **COLUMBIA BANK** (AVONDALE, AZ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1597
- **FDIC Certificate:** 23931
- **FDIC FIN:** 5921
- **Bank name:** THE NORTH AMERICAN BANK
- **Location:** PHOENIX, AZ
- **Failure date:** 1988-01-08
- **FDIC resolution date:** 1988-01-08
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $31M
- **Assets at failure:** $32M
- **Acquiring bank:** COLUMBIA BANK (AVONDALE, AZ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20NORTH%20AMERICAN%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE NORTH AMERICAN BANK (FDIC ID 1597), failed 1988-01-08. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/1597.

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