Bank failure · AZ
Community Bank of Arizona (Phoenix, AZ) — failed August 14, 2009
Community Bank of Arizona of Phoenix, Arizona was closed on August 14, 2009 and resolved through a purchase and assumption. Midfirst Bank (OK) took over its insured deposits. At failure it held $158.5M in assets and $143.8M in deposits. The FDIC's estimated loss on the failure is $26.8M (16.9% of assets).
- Closing date
- August 14, 2009
- FDIC certificate #
- 57645
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- MidFirst Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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