Data / Bank failures / 1990 / Central Arizona Bank
Central Arizona Bank, Chandler, AZ: failed April 26, 1990
Central Arizona Bank in Chandler, Arizona, failed on April 26, 1990. Security Pacific Bank Arizo of Phoenix, AZ, took over its deposits. It held $6.6 million in assets and $7.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1 million (15.5% of its assets). By assets it was the 377th largest of 382 banks closed or assisted in 1990.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- April 26, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Security Pacific Bank Arizo, Phoenix, AZ
- Total assets
- $6,644,000
- Total deposits
- $7,083,000
- Estimated cost to the FDIC
- $1,029,039 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 23002
Other bank failures in Arizona, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Columbia Bank | Avondale | February 27, 1992 | $17 million | $16.9 million | $3.7 million | Valley NB of Arizona |
| Fountain Bank | Scottsdale | January 31, 1992 | $15.6 million | $16.1 million | $4.7 million | Bank of Arizona |
| The Bank of Verde Valley | Cottonwood | January 16, 1992 | $10.3 million | $10.2 million | $1.4 million | Stockmens Bank |
| First American FSB | Tucson | August 16, 1991 | $145 million | $130.3 million | $11.2 million | State SB, FSB |
| Arizona Commerce Bank | Tucson | April 12, 1991 | $80.8 million | $79.8 million | $7.3 million | Arizona Bank of Commerce |
| Farmers and Merchants Bank | Buckeye | June 18, 1990 | $24 million | $22.4 million | $5.8 million | The Stockmen's Bank |
| Guardian Bank | Scottsdale | April 26, 1990 | $25.9 million | $27 million | $8.4 million | Citibank (arizona) |
| Independent National Bank | Phoenix | March 15, 1990 | $12.4 million | $13.5 million | $3.2 million | Citibank(arizona) |
All bank failures in 1990 · All bank failures in Arizona · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.