Bank failure · AZ

First American FSB (Tucson, AZ) — failed August 16, 1991

First American FSB of Tucson, Arizona was closed on August 16, 1991 and resolved through a insured deposit transfer. State Sb, FSB (AZ) took over its insured deposits. At failure it held $145.0M in assets and $130.3M in deposits. The FDIC's estimated loss on the failure is $11.2M (7.7% of assets).