# GRAND CANYON STATE BANK

> **Failed bank** · SCOTTSDALE, AZ · failed 1989-05-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

GRAND CANYON STATE BANK of SCOTTSDALE, AZ was closed by regulators on **1989-05-19**. The FDIC was named receiver.

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

Deposits were transferred to **BANK OF FOUNTAIN HILLS** (FOUNTAIN HILLS, AZ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2375
- **FDIC Certificate:** 23753
- **FDIC FIN:** 5967
- **Bank name:** GRAND CANYON STATE BANK
- **Location:** SCOTTSDALE, AZ
- **Failure date:** 1989-05-19
- **FDIC resolution date:** 1989-05-19
- **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:** $13M
- **Assets at failure:** $15M
- **Acquiring bank:** BANK OF FOUNTAIN HILLS (FOUNTAIN HILLS, AZ)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GRAND%20CANYON%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GRAND CANYON STATE BANK (FDIC ID 2375), failed 1989-05-19. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2375.

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