Data / Bank failures / 2010 / Desert Hills Bank
Desert Hills Bank, Phoenix, AZ: failed March 26, 2010
Desert Hills Bank in Phoenix, Arizona, failed on March 26, 2010. New York Community Bank of Westbury, NY, took over its deposits. It held $496.6 million in assets and $426.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $108.9 million (21.9% of its assets). By assets it was the 44th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- March 26, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- New York Community Bank, Westbury, NY
- Total assets
- $496,552,000
- Total deposits
- $426,473,000
- Estimated cost to the FDIC
- $108,862,002 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57060
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 |
| 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 |
| 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 New York Community Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Amtrust Bank | Cleveland | OH | December 4, 2009 | $11.44 billion | $8.56 billion | $1.69 billion | New York Community Bank |
All bank failures in 2010 · All bank failures in Arizona · Every failed bank New York Community Bank took over · 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.