FOUNTAIN BANK Failed 1992

SCOTTSDALE, AZ · State commercial bank, Federal Reserve member · view on FDIC BankFind ↗

What happened

FOUNTAIN BANK of SCOTTSDALE, AZ was closed on 1992-01-31. The FDIC was named receiver.

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

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

Key facts

FDIC ID
3265
FDIC Certificate
26945
FDIC FIN
4445
Bank name
FOUNTAIN BANK
Location
SCOTTSDALE, AZ
Failure date
1992-01-31
FDIC resolution date
1992-01-31
Charter type
State commercial bank, Federal Reserve member
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$5M
Deposits at failure
$16M
Assets at failure
$16M
Acquiring bank
BANK OF ARIZONA (SCOTTSDALE, AZ)