# FIRST STATE BANK

> **Failed bank** · FLAGSTAFF, AZ · failed 2009-09-04 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $50M

## What happened

FIRST STATE BANK of FLAGSTAFF, AZ was closed by regulators 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
- **Estimated FDIC DIF cost:** $50M
- **Deposits at failure:** $96M
- **Assets at failure:** $107M
- **Acquiring bank:** SUNWEST BANK (TUSTIN, CA)

## Other banks SUNWEST BANK has acquired in FDIC resolutions

- SYRINGA BANK (BOISE, ID) — failed 2014-01-31 — /failed-bank/4060
- WESTSIDE COMMUNITY BANK (UNIVERSITY PLACE, WA) — failed 2013-01-11 — /failed-bank/4034
- PACIFIC COAST NATIONAL BANK (SAN CLEMENTE, CA) — failed 2009-11-13 — /failed-bank/3716
- METROPACIFIC BANK (IRVINE, CA) — failed 2009-06-26 — /failed-bank/3638

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK (FDIC ID 3681), failed 2009-09-04. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/failed-bank/3681.

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