FIRST STATE BANK Failed 2009
What happened
FIRST STATE BANK of FLAGSTAFF, AZ was closed on 2009-09-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SUNWEST BANK (TUSTIN, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3681
- FDIC Certificate
- 34875
- FDIC FIN
- 10114
- Bank name
- FIRST STATE BANK
- Location
- FLAGSTAFF, AZ
- Failure date
- 2009-09-04
- FDIC resolution date
- 2009-09-04
- 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.)
- $50M
- Deposits at failure
- $96M
- Assets at failure
- $107M
- Acquiring bank
- SUNWEST BANK (TUSTIN, CA)
Other banks SUNWEST BANK acquired in FDIC resolutions