The Graveyard › Banks › 1989
National Bank of Arizona
Scottsdale, AZ · failed September 28, 1989 · FDIC certificate 24889
National Bank of Arizona of Scottsdale, AZ failed on September 28, 1989. It opened on September 26, 1983, 6 years before. At its last report before that it held $15.8 million in assets and $15.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $28.6 million. The FDIC estimates that the Bank Insurance Fund lost $3.9 million on it.
1984-031989-06
Assets at the end$15.8 millionlast report before September 28, 1989
Deposits at the end$15.7 million
Estimated loss to the fund$3.9 millionBIF
Largest in the quarterly reports$28.6 millionDecember 31, 1987
Equity to assets-0.5%June 30, 1989
Loans not being repaid10.3%noncurrent, June 30, 1989
Return on assets-3.79%a year's rate, June 30, 1989
Staff11full time, June 30, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.