Data / Bank failures / 2010 / Copper Star Bank
Copper Star Bank, Scottsdale, AZ: failed November 12, 2010
Copper Star Bank in Scottsdale, Arizona, failed on November 12, 2010. Stearns Bank, National Association of ST. Cloud, MN, took over its deposits. It held $204 million in assets and $190.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $52.6 million (25.8% of its assets). By assets it was the 92nd largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- November 12, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Stearns Bank, National Association, ST. Cloud, MN
- Total assets
- $203,955,000
- Total deposits
- $190,182,000
- Estimated cost to the FDIC
- $52,560,589 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 35463
Other bank failures in Arizona, 2008 to 2012
| 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 |
| 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 |
| Bank USA, NA | Phoenix | October 30, 2009 | $213.2 million | $170.7 million | $11.7 million | U.S. Bank, NA |
Other failed banks Stearns Bank, National Association took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Convenant Bank & Trust | Rock Spring | GA | March 23, 2012 | $95.7 million | $90.6 million | $30.3 million | Stearns Bank, National Association |
| First State Bank | Sarasota | FL | August 7, 2009 | $447.7 million | $394.7 million | $119.5 million | Stearns Bank, National Association |
| Community National Bank of Sarasota County | Venice | FL | August 7, 2009 | $92.5 million | $92.4 million | $25.4 million | Stearns Bank, National Association |
| Horizon Bank | Pine City | MN | June 26, 2009 | $84.8 million | $69.3 million | $24 million | Stearns Bank, National Association |
All bank failures in 2010 · All bank failures in Arizona · Every failed bank Stearns Bank, National Association 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.