Bank failure · AZ
Copper Star Bank (Scottsdale, AZ) — failed November 12, 2010
Copper Star Bank of Scottsdale, Arizona was closed on November 12, 2010 and resolved through a purchase and assumption. Stearns Bank, National Association (MN) took over its insured deposits. At failure it held $204.0M in assets and $190.2M in deposits. The FDIC's estimated loss on the failure is $52.6M (25.8% of assets).
- Closing date
- November 12, 2010
- FDIC certificate #
- 35463
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Stearns Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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