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Friday, October 22, 2010

Bank Failure #139: First Arizona Savings, Scottsdale, Arizona

by Calculated Risk on 10/22/2010 09:21:00 PM

New oxymoron
First / Arizona / Savings
No / yes / not at all

by Soylent Green is People

From the FDIC: FDIC Approves the Payout of the Insured Deposits of First Arizona Savings, A FSB, Scottsdale, Arizona
As of June 30, 2010, First Arizona Savings, A FSB had approximately $272.2 million in total assets and $198.8 million in total deposits. ... The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $32.8 million. ... The last institution closed in the state was Towne Bank of Arizona, Mesa, on May 7, 2010.
No one wanted this one! That makes 7 today ...