Bank failure · AZ
Western National Bank (Phoenix, AZ) — failed December 16, 2011
Western National Bank of Phoenix, Arizona was closed on December 16, 2011 and resolved through a purchase and assumption. Washington Federal (WA) took over its insured deposits. At failure it held $162.9M in assets and $144.5M in deposits. The FDIC's estimated loss on the failure is $41.7M (25.6% of assets).
- Closing date
- December 16, 2011
- FDIC certificate #
- 57917
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Washington Federal
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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