Bank failure · AZ
Guardian Bank (Scottsdale, AZ) — failed April 26, 1990
Guardian Bank of Scottsdale, Arizona was closed on April 26, 1990 and resolved through a purchase and assumption. Citibank (Arizona) (AZ) took over its insured deposits. At failure it held $25.9M in assets and $27.0M in deposits. The FDIC's estimated loss on the failure is $8.4M (32.3% of assets).
- Closing date
- April 26, 1990
- FDIC certificate #
- 25666
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citibank (Arizona)
- Insurance fund
- BIF
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