Data / Bank failures / 2010 / First Arizona Savings, A FSB
First Arizona Savings, A FSB, Scottsdale, AZ: failed October 22, 2010
First Arizona Savings, A FSB in Scottsdale, Arizona, failed on October 22, 2010. It held $255.9 million in assets and $190.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $26.8 million (10.5% of its assets). By assets it was the 75th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- October 22, 2010
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $255,920,000
- Total deposits
- $190,615,000
- Estimated cost to the FDIC
- $26,775,536 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- DIF
- FDIC certificate
- 32582
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 |
| 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 |
All bank failures in 2010 · All bank failures in Arizona · 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.