Bank failure · AZ

Nextbank (Phoenix, AZ) — failed February 7, 2002

Nextbank of Phoenix, Arizona was closed on February 7, 2002 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $700.2M in assets and $551.3M in deposits. The FDIC's estimated loss on the failure is $164.0M (23.4% of assets).