Bank failure · AZ

First State Bank (Flagstaff, AZ) — failed September 4, 2009

First State Bank of Flagstaff, Arizona was closed on September 4, 2009 and resolved through a purchase and assumption. Sunwest Bank (CA) took over its insured deposits. At failure it held $107.2M in assets and $95.7M in deposits. The FDIC's estimated loss on the failure is $49.8M (46.5% of assets).