Bank failure · AZ
Sentinel Fs & LA (Phoenix, AZ) — failed February 2, 1990
Sentinel Fs & LA of Phoenix, Arizona was closed on February 2, 1990 and resolved through a insured deposit transfer. Biltmore Investors Bank, NA (AZ) took over its insured deposits. At failure it held $174.9M in assets and $170.6M in deposits. The FDIC's estimated loss on the failure is $39.3M (22.5% of assets).
- Closing date
- February 2, 1990
- FDIC certificate #
- 32261
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Biltmore Investors Bank, NA
- Insurance fund
- RTC
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