Failures by State
Bank Failures in Arizona
44 FDIC-insured banks headquartered in Arizona have failed since 1975. The most recent was Sunrise Bank of Arizona on August 23, 2013. The worst year was 1989, with 11 failures. Failed banks held $22.70B in assets at closing.
44
Failures
1975 to 2013
$22.70B
Failed assets
At closing
$5.70B
Estimated DIF loss
FDIC estimate
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All Arizona events
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Largest bank failures in Arizona
| Date | Bank | Assets |
|---|---|---|
| Jan 31, 1990 | Merabank FSB | $6.32B |
| Jun 14, 1989 | Western Savings & Loan | $5.65B |
| Mar 2, 1990 | Pima S & La | $2.73B |
| Feb 17, 1989 | Southwest S & La | $2.27B |
| Jun 14, 1989 | Sun State Savings & Loan | $1.05B |
| Feb 7, 2002 | Nextbank | $700.2M |
| Feb 17, 1989 | Security S & La | $626.9M |
| Mar 26, 2010 | Desert Hills Bank | $496.6M |
| Oct 22, 2010 | First Arizona Savings, a FSB | $255.9M |
| Oct 30, 2009 | Bank USA, N.A. | $213.2M |
Arizona bank failures by year
Every bank failure in Arizona
| Date | Bank | Assets |
|---|---|---|
| Aug 23, 2013 | Sunrise Bank of Arizona | $202.2M |
| May 14, 2013 | Central Arizona Bank | $31.6M |
| Apr 5, 2013 | Gold Canyon Bank | $42.1M |
| Dec 16, 2011 | Western National Bank | $162.9M |
| Jul 15, 2011 | Summit Bank | $73.1M |
| Jan 7, 2011 | Legacy Bank | $136.4M |
| Nov 12, 2010 | Copper Star Bank | $204.0M |
| Oct 22, 2010 | First Arizona Savings, a FSB | $255.9M |
| May 7, 2010 | Towne Bank of Arizona | $120.2M |
| Mar 26, 2010 | Desert Hills Bank | $496.6M |
| Dec 11, 2009 | Valley Capital Bank, N.A. | $40.3M |
| Oct 30, 2009 | Bank USA, N.A. | $213.2M |
| Sep 4, 2009 | First State Bank | $107.2M |
| Aug 14, 2009 | Community Bank of Arizona | $158.5M |
| Aug 14, 2009 | Union Bank, N.A. | $119.5M |
| Feb 7, 2002 | Nextbank | $700.2M |
| Feb 27, 1992 | Columbia Bank | $17.0M |
| Jan 31, 1992 | Fountain Bank | $15.6M |
| Jan 16, 1992 | The Bank of Verde Valley | $10.3M |
| Aug 16, 1991 | First American FSB | $145.0M |
| Apr 12, 1991 | Arizona Commerce Bank | $80.8M |
| Jun 18, 1990 | Farmers and Merchants Bank | $24.0M |
| Apr 26, 1990 | Guardian Bank | $25.9M |
| Apr 26, 1990 | Central Arizona Bank | $6.6M |
| Mar 15, 1990 | Independent National Bank | $12.4M |
| Mar 2, 1990 | Pima S & La | $2.73B |
| Feb 15, 1990 | Gateway National Bank | $8.6M |
| Feb 2, 1990 | Sentinel FS & La | $174.9M |
| Jan 31, 1990 | Merabank FSB | $6.32B |
| Dec 7, 1989 | First Commerce National Bank | $20.3M |
| Oct 19, 1989 | Century Bank | $120.4M |
| Sep 28, 1989 | National Bank of Arizona | $15.8M |
| Sep 1, 1989 | Liberty Bank | $32.4M |
| Jul 21, 1989 | Fidelity Bank | $11.2M |
| Jun 14, 1989 | Western Savings & Loan | $5.65B |
| Jun 14, 1989 | Sun State Savings & Loan | $1.05B |
| May 19, 1989 | Grand Canyon State Bank | $14.6M |
| Feb 17, 1989 | Southwest S & La | $2.27B |
| Feb 17, 1989 | Security S & La | $626.9M |
| Feb 17, 1989 | Universal Savings & Loan | $92.7M |
| May 24, 1988 | Universal S&LA | $116.8M |
| Jan 8, 1988 | The North American Bank | $32.3M |
| Sep 25, 1981 | Southwestern Bank | $5.3M |
| Dec 19, 1975 | The Peoples Bank | $5.7M |
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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