# UNIVERSAL SAVINGS & LOAN

> **Failed bank** · SCOTTSDALE, AZ · failed 1989-02-17 · SL · FDIC cost $22M

## What happened

UNIVERSAL SAVINGS & LOAN of SCOTTSDALE, AZ was closed by state regulators on **1989-02-17**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST ARIZONA S&LA** (GLENDALE, AZ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2131
- **FDIC Certificate:** 32585
- **FDIC FIN:** 6950
- **Bank name:** UNIVERSAL SAVINGS & LOAN
- **Location:** SCOTTSDALE, AZ
- **Failure date:** 1989-02-17
- **FDIC resolution date:** 1990-01-26
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $22M
- **Deposits at failure:** $103M
- **Assets at failure:** $93M
- **Acquiring bank:** FIRST ARIZONA S&LA (GLENDALE, AZ)
- **FDIC comments:** FSLIC-RTC Duplicate Failures

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=UNIVERSAL%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNIVERSAL SAVINGS & LOAN (FDIC ID 2131), failed 1989-02-17. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2131.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*