The Graveyard › Banks › 2009
Community Bank of Arizona
Phoenix, AZ · failed August 14, 2009 · FDIC certificate 57645
Community Bank of Arizona of Phoenix, AZ failed on August 14, 2009. It opened on November 25, 2003, 5 years before. At its last report before that it held $158.5 million in assets and $143.8 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $26.8 million on it.
2003-122009-06
Assets at the end$158.5 millionlast report before August 14, 2009
Deposits at the end$143.8 million
Estimated loss to the fund$26.8 millionDIF
Largest in the quarterly reports$158.5 millionJune 30, 2009
Equity to assets8.6%June 30, 2009
Loans not being repaid27.6%noncurrent, June 30, 2009
Return on assets-8.95%a year's rate, June 30, 2009
Staff30full time, June 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.