# DESERT HILLS BANK

> **Failed bank** · PHOENIX, AZ · failed 2010-03-26 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $109M

## What happened

DESERT HILLS BANK of PHOENIX, AZ was closed by regulators on **2010-03-26**. The FDIC was named receiver.

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

Deposits were transferred to **NEW YORK COMMUNITY BANK** (WESTBURY, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3773
- **FDIC Certificate:** 57060
- **FDIC FIN:** 10205
- **Bank name:** DESERT HILLS BANK
- **Location:** PHOENIX, AZ
- **Failure date:** 2010-03-26
- **FDIC resolution date:** 2010-03-26
- **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:** $109M
- **Deposits at failure:** $426M
- **Assets at failure:** $497M
- **Acquiring bank:** NEW YORK COMMUNITY BANK (WESTBURY, NY)

## Other banks NEW YORK COMMUNITY BANK has acquired in FDIC resolutions

- AMTRUST BANK (CLEVELAND, OH) — failed 2009-12-04 — /failed-bank/3721

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, DESERT HILLS BANK (FDIC ID 3773), failed 2010-03-26. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/3773.

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