# PIMA S & LA

> **Failed bank** · TUCSON, AZ · failed 1990-03-02 · SL · FDIC cost $161M

## What happened

PIMA S & LA of TUCSON, AZ was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- SUN STATE SAVINGS & LOAN (PHOENIX, AZ) — failed 1989-06-14 — /failed-bank/2388
- WESTERN SAVINGS & LOAN (PHOENIX, AZ) — failed 1989-06-14 — /failed-bank/2387

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PIMA%20S%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PIMA S & LA (FDIC ID 2683), failed 1990-03-02. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/2683.

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