LIBERTY BANK Failed 1989

GLENDALE, AZ · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

LIBERTY BANK of GLENDALE, AZ was closed on 1989-09-01. The FDIC was named receiver.

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

Deposits were transferred to COMMUNITY BANK OF ARIZONA (WICKENBURG, AZ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2500
FDIC Certificate
23943
FDIC FIN
5986
Bank name
LIBERTY BANK
Location
GLENDALE, AZ
Failure date
1989-09-01
FDIC resolution date
1989-09-01
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$8M
Deposits at failure
$30M
Assets at failure
$32M
Acquiring bank
COMMUNITY BANK OF ARIZONA (WICKENBURG, AZ)