CENTRAL ARIZONA BANK Failed 2013

SCOTTSDALE, AZ · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

CENTRAL ARIZONA BANK of SCOTTSDALE, AZ was closed on 2013-05-14. The FDIC was named receiver.

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

Deposits were transferred to WESTERN STATE BANK (DEVILS LAKE, N). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4046
FDIC Certificate
34527
FDIC FIN
10479
Bank name
CENTRAL ARIZONA BANK
Location
SCOTTSDALE, AZ
Failure date
2013-05-14
FDIC resolution date
2013-05-14
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.)
$5M
Deposits at failure
$31M
Assets at failure
$32M
Acquiring bank
WESTERN STATE BANK (DEVILS LAKE, N)