COPPER STAR BANK Failed 2010
What happened
COPPER STAR BANK of SCOTTSDALE, AZ was closed on 2010-11-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to STEARNS BANK, NATIONAL ASSOCIATION (ST. CLOUD, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3878
- FDIC Certificate
- 35463
- FDIC FIN
- 10311
- Bank name
- COPPER STAR BANK
- Location
- SCOTTSDALE, AZ
- Failure date
- 2010-11-12
- FDIC resolution date
- 2010-11-12
- 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.)
- $53M
- Deposits at failure
- $190M
- Assets at failure
- $204M
- Acquiring bank
- STEARNS BANK, NATIONAL ASSOCIATION (ST. CLOUD, MN)
Other banks STEARNS BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions