# GATEWAY NATIONAL BANK

> **Failed bank** · PHOENIX, AZ · failed 1990-02-15 · National commercial bank (OCC-chartered) · FDIC cost $6M

## What happened

GATEWAY NATIONAL BANK of PHOENIX, AZ was closed by the OCC 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
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $8M
- **Assets at failure:** $9M
- **Acquiring bank:** CITIBANK (ARIZONA) (PHOENIX, AZ)

## Other banks CITIBANK (ARIZONA) has acquired in FDIC resolutions

- GUARDIAN BANK (SCOTTSDALE, AZ) — failed 1990-04-26 — /failed-bank/2743

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GATEWAY%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GATEWAY NATIONAL BANK (FDIC ID 2655), failed 1990-02-15. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/2655.

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