GUARDIAN BANK Failed 1990
What happened
GUARDIAN BANK of SCOTTSDALE, AZ was closed on 1990-04-26. 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
- 2743
- FDIC Certificate
- 25666
- FDIC FIN
- 4190
- Bank name
- GUARDIAN BANK
- Location
- SCOTTSDALE, AZ
- Failure date
- 1990-04-26
- FDIC resolution date
- 1990-04-26
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $27M
- Assets at failure
- $26M
- Acquiring bank
- CITIBANK (ARIZONA) (PHOENIX, AZ)
Other banks CITIBANK (ARIZONA) acquired in FDIC resolutions