UNION BANK, NATIONAL ASSOCIATION Failed 2009
What happened
UNION BANK, NATIONAL ASSOCIATION of GILBERT, AZ was closed on 2009-08-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MIDFIRST BANK (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3669
- FDIC Certificate
- 34485
- FDIC FIN
- 10102
- Bank name
- UNION BANK, NATIONAL ASSOCIATION
- Location
- GILBERT, AZ
- Failure date
- 2009-08-14
- FDIC resolution date
- 2009-08-14
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $52M
- Deposits at failure
- $110M
- Assets at failure
- $120M
- Acquiring bank
- MIDFIRST BANK (OKLAHOMA CITY, OK)
Other banks MIDFIRST BANK acquired in FDIC resolutions