The Graveyard › Banks › 2010
First Arizona Savings, A FSB
Scottsdale, AZ · failed October 22, 2010 · FDIC certificate 32582
First Arizona Savings, A FSB of Scottsdale, AZ failed on October 22, 2010. It opened on May 18, 1988, 22 years before. At its last report before that it held $255.9 million in assets and $190.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $354.1 million. The FDIC estimates that the Deposit Insurance Fund lost $26.8 million on it.
1988-062010-09
Assets at the end$255.9 millionlast report before October 22, 2010
Deposits at the end$190.6 million
Estimated loss to the fund$26.8 millionDIF
Largest in the quarterly reports$354.1 millionDecember 31, 2008
Equity to assets0.8%September 30, 2010
Loans not being repaid5.1%noncurrent, September 30, 2010
Return on assets-10.76%a year's rate, September 30, 2010
Staff89full time, September 30, 2010
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets
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.