Data / Bank failures / 2009 / Bank USA, NA
Bank USA, NA, Phoenix, AZ: failed October 30, 2009
Bank USA, NA in Phoenix, Arizona, failed on October 30, 2009. U.S. Bank, NA of Minneapolis, MN, took over its deposits. It held $213.2 million in assets and $170.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11.7 million (5.5% of its assets). By assets it was the 85th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- October 30, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- U.S. Bank, NA, Minneapolis, MN
- Total assets
- $213,205,000
- Total deposits
- $170,685,000
- Estimated cost to the FDIC
- $11,740,678 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 32218
Other bank failures in Arizona, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Western National Bank | Phoenix | December 16, 2011 | $162.9 million | $144.5 million | $41.7 million | Washington Federal |
| Summit Bank | Prescott | July 15, 2011 | $73.1 million | $67.5 million | $14.9 million | The Foothills Bank |
| Legacy Bank | Scottsdale | January 7, 2011 | $136.4 million | $119.7 million | $32.2 million | Enterprise Bank & Trust |
| Copper Star Bank | Scottsdale | November 12, 2010 | $204 million | $190.2 million | $52.6 million | Stearns Bank, National Association |
| First Arizona Savings, A FSB | Scottsdale | October 22, 2010 | $255.9 million | $190.6 million | $26.8 million | |
| Towne Bank of Arizona | Mesa | May 7, 2010 | $120.2 million | $113.2 million | $44.3 million | Commerce Bank of Arizona |
| Desert Hills Bank | Phoenix | March 26, 2010 | $496.6 million | $426.5 million | $108.9 million | New York Community Bank |
| Valley Capital Bank, N.A. | Mesa | December 11, 2009 | $40.3 million | $41.3 million | $15 million | Enterprise Bank & Trust |
Other failed banks U.S. Bank, NA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Community Bank of Lemont | Lemont | IL | October 30, 2009 | $81.8 million | $80.7 million | $25.9 million | U.S. Bank, NA |
| California National Bank | Los Angeles | CA | October 30, 2009 | $7.78 billion | $6.15 billion | $182 million | U.S. Bank, NA |
| Madisonville State Bank | Madisonville | TX | October 30, 2009 | $256.3 million | $224.7 million | U.S. Bank, NA | |
| Pacific National Bank | San Francisco | CA | October 30, 2009 | $2.32 billion | $1.76 billion | $58.6 million | U.S. Bank, NA |
| Citizens National Bank | Teague | TX | October 30, 2009 | $118.2 million | $97.6 million | $5.8 million | U.S. Bank, NA |
| San Diego National Bank | San Diego | CA | October 30, 2009 | $3.59 billion | $2.89 billion | $36.4 million | U.S. Bank, NA |
| North Houston Bank | Houston | TX | October 30, 2009 | $325.5 million | $307.2 million | $12 million | U.S. Bank, NA |
| Park National Bank | Chicago | IL | October 30, 2009 | $4.68 billion | $3.72 billion | $2.8 million | U.S. Bank, NA |
All bank failures in 2009 · All bank failures in Arizona · Every failed bank U.S. Bank, NA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.