Bank failure · AZ
Sunrise Bank of Arizona (Phoenix, AZ) — failed August 23, 2013
Sunrise Bank of Arizona of Phoenix, Arizona was closed on August 23, 2013 and resolved through a purchase and assumption. First Fidelity Bank, National Association (OK) took over its insured deposits. At failure it held $202.2M in assets and $196.9M in deposits. The FDIC's estimated loss on the failure is $15.4M (7.6% of assets).
- Closing date
- August 23, 2013
- FDIC certificate #
- 34707
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Fidelity Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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