The Graveyard › Banks › 2013
SUNRISE BANK OF ARIZONA
Phoenix, AZ · failed August 23, 2013 · FDIC certificate 34707
SUNRISE BANK OF ARIZONA of Phoenix, AZ failed on August 23, 2013. It opened on May 20, 1998, 15 years before. At its last report before that it held $202.2 million in assets and $196.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2009, it held $496.7 million. The FDIC estimates that the Deposit Insurance Fund lost $15.4 million on it.
1998-062013-06
Assets at the end$202.2 millionlast report before August 23, 2013
Deposits at the end$196.9 million
Estimated loss to the fund$15.4 millionDIF
Largest in the quarterly reports$496.7 millionDecember 31, 2009
Equity to assets2.4%June 30, 2013
Loans not being repaid8.6%noncurrent, June 30, 2013
Return on assets-0.28%a year's rate, June 30, 2013
Staff67full time, June 30, 2013
Also ended in 2013
- First National Bank · Edinburg, TX · $3.1 billion in assets
- Mountain National Bank · Sevierville, TN · $437.3 million in assets
- Community South Bank · Parsons, TN · $386.9 million in assets
- Douglas County Bank · Douglasville, GA · $317.3 million in assets
- Frontier Bank · Lagrange, GA · $258.8 million in assets
- First Community Bank of Southwest Florida · Fort Myers, FL · $247.3 million 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.