Bank failure · AZ

Bank USA, NA (Phoenix, AZ) — failed October 30, 2009

Bank USA, NA of Phoenix, Arizona was closed on October 30, 2009 and resolved through a purchase and assumption. U.S. Bank, NA (MN) took over its insured deposits. At failure it held $213.2M in assets and $170.7M in deposits. The FDIC's estimated loss on the failure is $11.7M (5.5% of assets).