Bank failure · AZ
Central Arizona Bank (Scottsdale, AZ) — failed May 14, 2013
Central Arizona Bank of Scottsdale, Arizona was closed on May 14, 2013 and resolved through a purchase and assumption. Western State Bank (N) took over its insured deposits. At failure it held $31.6M in assets and $30.8M in deposits. The FDIC's estimated loss on the failure is $5.4M (17.2% of assets).
- Closing date
- May 14, 2013
- FDIC certificate #
- 34527
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Western State Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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