# SUN STATE SAVINGS & LOAN

> **Failed bank** · PHOENIX, AZ · failed 1989-06-14 · SL · FDIC cost $444M

## What happened

SUN STATE SAVINGS & LOAN of PHOENIX, AZ was closed by state regulators 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
- **Estimated FDIC DIF cost:** $444M
- **Deposits at failure:** $893M
- **Assets at failure:** $1,047M
- **Acquiring bank:** BANK OF AMERICA, AZ (PHOENIX, AZ)

## Other banks BANK OF AMERICA, AZ has acquired in FDIC resolutions

- PIMA S & LA (TUCSON, AZ) — failed 1990-03-02 — /failed-bank/2683
- WESTERN SAVINGS & LOAN (PHOENIX, AZ) — failed 1989-06-14 — /failed-bank/2387

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUN STATE SAVINGS & LOAN (FDIC ID 2388), failed 1989-06-14. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/failed-bank/2388.

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