GOLD CANYON BANK Failed 2013

What happened

GOLD CANYON BANK of GOLD CANYON, AZ was closed on 2013-04-05. The FDIC was named receiver.

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

Deposits were transferred to FIRST SCOTTSDALE, NATIONAL ASSOCIATION (SCOTTSDALE, AZ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

4038

FDIC Certificate

58066

FDIC FIN

10472

Bank name

GOLD CANYON BANK

Location

GOLD CANYON, AZ

Failure date

2013-04-05

FDIC resolution date

2013-04-05

Charter type

State commercial bank, Federal Reserve member

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$8M

Deposits at failure

$42M

Assets at failure

$42M

Acquiring bank

FIRST SCOTTSDALE, NATIONAL ASSOCIATION (SCOTTSDALE, AZ)