COMMUNITY BANK OF ARIZONA Failed 2009
What happened
COMMUNITY BANK OF ARIZONA of PHOENIX, 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
- 3670
- FDIC Certificate
- 57645
- FDIC FIN
- 10101
- Bank name
- COMMUNITY BANK OF ARIZONA
- Location
- PHOENIX, AZ
- Failure date
- 2009-08-14
- FDIC resolution date
- 2009-08-14
- 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.)
- $27M
- Deposits at failure
- $144M
- Assets at failure
- $159M
- Acquiring bank
- MIDFIRST BANK (OKLAHOMA CITY, OK)
Other banks MIDFIRST BANK acquired in FDIC resolutions