Bank failure · AZ
National Bank of Arizona (Scottsdale, AZ) — failed September 28, 1989
National Bank of Arizona of Scottsdale, Arizona was closed on September 28, 1989 and resolved through a purchase and assumption. Security Pacific Bank, Nati (AZ) took over its insured deposits. At failure it held $15.8M in assets and $15.7M in deposits. The FDIC's estimated loss on the failure is $3.9M (24.8% of assets).
- Closing date
- September 28, 1989
- FDIC certificate #
- 24889
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Security Pacific Bank, Nati
- Insurance fund
- BIF
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