Bank failure · AZ
Gold Canyon Bank (Gold Canyon, AZ) — failed April 5, 2013
Gold Canyon Bank of Gold Canyon, Arizona was closed on April 5, 2013 and resolved through a purchase and assumption. First Scottsdale, National Association (AZ) took over its insured deposits. At failure it held $42.1M in assets and $41.7M in deposits. The FDIC's estimated loss on the failure is $8.3M (19.6% of assets).
- Closing date
- April 5, 2013
- FDIC certificate #
- 58066
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Scottsdale, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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