# LEGACY BANK

> **Failed bank** · SCOTTSDALE, AZ · failed 2011-01-07 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $32M

## What happened

LEGACY BANK of SCOTTSDALE, AZ was closed by regulators 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
- **Estimated FDIC DIF cost:** $32M
- **Deposits at failure:** $120M
- **Assets at failure:** $136M
- **Acquiring bank:** ENTERPRISE BANK & TRUST (CLAYTON, MO)

## Other banks ENTERPRISE BANK & TRUST has acquired in FDIC resolutions

- THE FIRST NATIONAL BANK OF OLATHE (OLATHE, KS) — failed 2011-08-12 — /failed-bank/3954
- VALLEY CAPITAL BANK, N.A. (MESA, AZ) — failed 2009-12-11 — /failed-bank/3726

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LEGACY BANK (FDIC ID 3892), failed 2011-01-07. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3892.

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