44 failures since 1934 · $5.7 billion estimated loss
Bank failures in Arizona
Arizona has 44 bank failures on FDIC record since 1934, 1.2% of the national total and the 21st-highest count of any state or territory. The worst year was 1989, with 11. Since 2000 there have been 16; the most recent was Sunrise Bank of Arizona on August 23, 2013. The largest by assets was Merabank, A Federal Savings Bank of Phoenix, with $6.3 billion, in 1990.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| August 23, 2013 | Sunrise Bank of Arizona | Phoenix, AZ | $202 million | $15.4 million |
| May 14, 2013 | Central Arizona Bank | Scottsdale, AZ | $31.6 million | $5.4 million |
| April 5, 2013 | Gold Canyon Bank | Gold Canyon, AZ | $42.1 million | $8.3 million |
| December 16, 2011 | Western National Bank | Phoenix, AZ | $163 million | $41.7 million |
| July 15, 2011 | Summit Bank | Prescott, AZ | $73.1 million | $14.9 million |
| January 7, 2011 | Legacy Bank | Scottsdale, AZ | $136 million | $32.2 million |
| November 12, 2010 | Copper Star Bank | Scottsdale, AZ | $204 million | $52.6 million |
| October 22, 2010 | First Arizona Savings, A FSB | Scottsdale, AZ | $256 million | $26.8 million |
| May 7, 2010 | Towne Bank of Arizona | Mesa, AZ | $120 million | $44.3 million |
| March 26, 2010 | Desert Hills Bank | Phoenix, AZ | $497 million | $109 million |
| December 11, 2009 | Valley Capital Bank, N.A. | Mesa, AZ | $40.3 million | $15.0 million |
| October 30, 2009 | Bank USA, N.A. | Phoenix, AZ | $213 million | $11.7 million |
| September 4, 2009 | First State Bank | Flagstaff, AZ | $107 million | $49.8 million |
| August 14, 2009 | Union Bank, National Association | Gilbert, AZ | $120 million | $52.0 million |
| August 14, 2009 | Community Bank of Arizona | Phoenix, AZ | $159 million | $26.8 million |
| February 7, 2002 | NextBank, NA | Phoenix, AZ | $700 million | $164 million |
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| February 27, 1992 | Columbia Bank | Avondale, AZ | $17.0 million | $3.7 million |
| January 31, 1992 | Fountain Bank | Scottsdale, AZ | $15.6 million | $4.7 million |
| January 16, 1992 | The Bank of Verde Valley | Cottonwood, AZ | $10.3 million | $1.4 million |
| August 16, 1991 | First American Federal Bank, FSB | Tucson, AZ | $145 million | $11.2 million |
| April 12, 1991 | Arizona Commerce Bank | Tucson, AZ | $80.8 million | $7.3 million |
| June 18, 1990 | Farmers and Merchants Bank | Buckeye, AZ | $24.0 million | $5.8 million |
| April 26, 1990 | Central Arizona Bank | Chandler, AZ | $6.6 million | $1.0 million |
| April 26, 1990 | Guardian Bank | Scottsdale, AZ | $25.9 million | $8.4 million |
| March 15, 1990 | Independent National Bank | Phoenix, AZ | $12.4 million | $3.2 million |
| March 2, 1990 | Pima Savings and Loan Association | Tucson, AZ | $2.7 billion | $161 million |
| February 15, 1990 | Gateway National Bank | Phoenix, AZ | $8.6 million | $5.9 million |
| February 2, 1990 | Sentinel Savings and Loan Association | Phoenix, AZ | $175 million | $39.3 million |
| January 31, 1990 | Merabank, A Federal Savings Bank | Phoenix, AZ | $6.3 billion | $671 million |
| December 7, 1989 | First Commerce National Bank | Phoenix, AZ | $20.3 million | $2.4 million |
| October 19, 1989 | Century Bank | Phoenix, AZ | $120 million | $25.8 million |
| September 28, 1989 | National Bank of Arizona | Scottsdale, AZ | $15.8 million | $3.9 million |
| September 1, 1989 | Liberty Bank | Glendale, AZ | $32.4 million | $8.2 million |
| July 21, 1989 | Fidelity Bank | Scottsdale, AZ | $11.2 million | $3.5 million |
| June 14, 1989 | Sun State Savings and Loan Association | Phoenix, AZ | $1.0 billion | $444 million |
| June 14, 1989 | Western Savings and Loan Association | Phoenix, AZ | $5.7 billion | $2.1 billion |
| May 19, 1989 | Grand Canyon State Bank | Scottsdale, AZ | $14.6 million | $4.4 million |
| February 17, 1989 | Universal Savings and Loan Association, A Federal Savings and Loan Assoc | Scottsdale, AZ | $92.7 million | $22.5 million |
| February 17, 1989 | Security Savings and Loan Association | Scottsdale, AZ | $627 million | $789 million |
| February 17, 1989 | Southwest Savings and Loan Association | Phoenix, AZ | $2.3 billion | $723 million |
| May 24, 1988 | Universal Savings and Loan Association | Scottsdale, AZ | $117 million | not estimated |
| January 8, 1988 | The North American Bank | Phoenix, AZ | $32.3 million | $3.6 million |
| September 25, 1981 | Southwestern Bank | Tucson, AZ | $5.3 million | none |
| December 19, 1975 | The Peoples Bank | Wilcox, AZ | $5.7 million | not estimated |