Bank failure · AZ
Legacy Bank (Scottsdale, AZ) — failed January 7, 2011
Legacy Bank of Scottsdale, Arizona was closed on January 7, 2011 and resolved through a purchase and assumption. Enterprise Bank & Trust (MO) took over its insured deposits. At failure it held $136.4M in assets and $119.7M in deposits. The FDIC's estimated loss on the failure is $32.2M (23.6% of assets).
- Closing date
- January 7, 2011
- FDIC certificate #
- 57820
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Enterprise Bank & Trust
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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