LEGACY BANK Failed 2011
What happened
LEGACY BANK of SCOTTSDALE, AZ was closed on 2011-01-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ENTERPRISE BANK & TRUST (CLAYTON, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3892
- FDIC Certificate
- 57820
- FDIC FIN
- 10326
- Bank name
- LEGACY BANK
- Location
- SCOTTSDALE, AZ
- Failure date
- 2011-01-07
- FDIC resolution date
- 2011-01-07
- 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.)
- $32M
- Deposits at failure
- $120M
- Assets at failure
- $136M
- Acquiring bank
- ENTERPRISE BANK & TRUST (CLAYTON, MO)
Other banks ENTERPRISE BANK & TRUST acquired in FDIC resolutions