# CENTRAL ARIZONA BANK

> **Failed bank** · CHANDLER, AZ · failed 1990-04-26 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

CENTRAL ARIZONA BANK of CHANDLER, AZ was closed by regulators on **1990-04-26**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **SECURITY PACIFIC BANK ARIZO** (PHOENIX, AZ). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2741
- **FDIC Certificate:** 23002
- **FDIC FIN:** 4191
- **Bank name:** CENTRAL ARIZONA BANK
- **Location:** CHANDLER, AZ
- **Failure date:** 1990-04-26
- **FDIC resolution date:** 1990-04-26
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $7M
- **Assets at failure:** $7M
- **Acquiring bank:** SECURITY PACIFIC BANK ARIZO (PHOENIX, AZ)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CENTRAL ARIZONA BANK (FDIC ID 2741), failed 1990-04-26. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2741.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*