SENTINEL FS & LA Failed 1990
What happened
SENTINEL FS & LA of PHOENIX, AZ was closed on 1990-02-02. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to BILTMORE INVESTORS BANK, NA (PHOENIX, AZ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2645
- FDIC Certificate
- 32261
- FDIC FIN
- 7073
- Bank name
- SENTINEL FS & LA
- Location
- PHOENIX, AZ
- Failure date
- 1990-02-02
- FDIC resolution date
- 1990-06-15
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $39M
- Deposits at failure
- $171M
- Assets at failure
- $175M
- Acquiring bank
- BILTMORE INVESTORS BANK, NA (PHOENIX, AZ)