Bank failure · AZ

Fountain Bank (Scottsdale, AZ) — failed January 31, 1992

Fountain Bank of Scottsdale, Arizona was closed on January 31, 1992 and resolved through a purchase and assumption. Bank of Arizona (AZ) took over its insured deposits. At failure it held $15.6M in assets and $16.1M in deposits. The FDIC's estimated loss on the failure is $4.7M (30.3% of assets).