SUN STATE SAVINGS & LOAN Failed 1989
What happened
SUN STATE SAVINGS & LOAN of PHOENIX, AZ was closed on 1989-06-14. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to BANK OF AMERICA, AZ (PHOENIX, AZ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2388
- FDIC Certificate
- 31997
- FDIC FIN
- 7240
- Bank name
- SUN STATE SAVINGS & LOAN
- Location
- PHOENIX, AZ
- Failure date
- 1989-06-14
- FDIC resolution date
- 1990-11-30
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $444M
- Deposits at failure
- $893M
- Assets at failure
- $1,047M
- Acquiring bank
- BANK OF AMERICA, AZ (PHOENIX, AZ)
Other banks BANK OF AMERICA, AZ acquired in FDIC resolutions