Bank failure · AZ
Security S & LA (Scottsdale, AZ) — failed February 17, 1989
Security S & LA of Scottsdale, Arizona was closed on February 17, 1989 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $626.9M in assets and $1.1B in deposits. The FDIC's estimated loss on the failure is $788.5M (125.8% of assets).
- Closing date
- February 17, 1989
- FDIC certificate #
- 31399
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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