SUNRISE BANK OF ARIZONA Failed 2013
What happened
SUNRISE BANK OF ARIZONA of PHOENIX, AZ was closed on 2013-08-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FIDELITY BANK, NATIONAL ASSOCIATION (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4053
- FDIC Certificate
- 34707
- FDIC FIN
- 10487
- Bank name
- SUNRISE BANK OF ARIZONA
- Location
- PHOENIX, AZ
- Failure date
- 2013-08-23
- FDIC resolution date
- 2013-08-23
- 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.)
- $15M
- Deposits at failure
- $197M
- Assets at failure
- $202M
- Acquiring bank
- FIRST FIDELITY BANK, NATIONAL ASSOCIATION (OKLAHOMA CITY, OK)