Bank failure · AZ
Arizona Commerce Bank (Tucson, AZ) — failed April 12, 1991
Arizona Commerce Bank of Tucson, Arizona was closed on April 12, 1991 and resolved through a purchase and assumption. Arizona Bank of Commerce (AZ) took over its insured deposits. At failure it held $80.8M in assets and $79.8M in deposits. The FDIC's estimated loss on the failure is $7.3M (9.1% of assets).
- Closing date
- April 12, 1991
- FDIC certificate #
- 23487
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Arizona Bank of Commerce
- Insurance fund
- BIF
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