PIMA S & LA Failed 1990
What happened
PIMA S & LA of TUCSON, AZ was closed on 1990-03-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF AMERICA, AZ (PHOENIX, AZ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2683
- FDIC Certificate
- 30697
- FDIC FIN
- 7275
- Bank name
- PIMA S & LA
- Location
- TUCSON, AZ
- Failure date
- 1990-03-02
- FDIC resolution date
- 1991-02-15
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $161M
- Deposits at failure
- $2,128M
- Assets at failure
- $2,734M
- Acquiring bank
- BANK OF AMERICA, AZ (PHOENIX, AZ)
Other banks BANK OF AMERICA, AZ acquired in FDIC resolutions