GATEWAY NATIONAL BANK Failed 1990
What happened
GATEWAY NATIONAL BANK of PHOENIX, AZ was closed on 1990-02-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIBANK (ARIZONA) (PHOENIX, AZ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2655
- FDIC Certificate
- 26667
- FDIC FIN
- 4153
- Bank name
- GATEWAY NATIONAL BANK
- Location
- PHOENIX, AZ
- Failure date
- 1990-02-15
- FDIC resolution date
- 1990-02-15
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $8M
- Assets at failure
- $9M
- Acquiring bank
- CITIBANK (ARIZONA) (PHOENIX, AZ)
Other banks CITIBANK (ARIZONA) acquired in FDIC resolutions