Bank failure · AZ
Liberty Bank (Glendale, AZ) — failed September 1, 1989
Liberty Bank of Glendale, Arizona was closed on September 1, 1989 and resolved through a purchase and assumption. Community Bank of Arizona (AZ) took over its insured deposits. At failure it held $32.4M in assets and $30.5M in deposits. The FDIC's estimated loss on the failure is $8.2M (25.4% of assets).
- Closing date
- September 1, 1989
- FDIC certificate #
- 23943
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Community Bank of Arizona
- Insurance fund
- BIF
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