Bank failure · AZ

Pima S & LA (Tucson, AZ) — failed March 2, 1990

Pima S & LA of Tucson, Arizona was closed on March 2, 1990 and resolved through a purchase and assumption. Bank of America, Az (AZ) took over its insured deposits. At failure it held $2.7B in assets and $2.1B in deposits. The FDIC's estimated loss on the failure is $160.5M (5.9% of assets).