ARIZONA COMMERCE BANK Failed 1991

TUCSON, AZ · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

ARIZONA COMMERCE BANK of TUCSON, AZ was closed on 1991-04-12. The FDIC was named receiver.

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

Deposits were transferred to ARIZONA BANK OF COMMERCE (TUCSON, AZ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3065
FDIC Certificate
23487
FDIC FIN
4343
Bank name
ARIZONA COMMERCE BANK
Location
TUCSON, AZ
Failure date
1991-04-12
FDIC resolution date
1991-04-12
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$7M
Deposits at failure
$80M
Assets at failure
$81M
Acquiring bank
ARIZONA BANK OF COMMERCE (TUCSON, AZ)