Bank failures in Arizona: 44 banks since 1975

Name: Bank failures in Arizona: 44 banks since 1975
Creator: SpecStream
License: https://creativecommons.org/licenses/by/4.0/

44 banks in Arizona failed between 1975 and 2013, holding $22.70 billion in assets and $18.37 billion in deposits. The FDIC estimates the cost to its insurance fund at $5.70 billion. The largest: Merabank FSB ($6.32 billion), Western Savings & Loan ($5.65 billion), Pima S & La ($2.73 billion). By decade: 1970s 1, 1980s 14, 1990s 13, 2000s 6, 2010s 10.

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.

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Bank	City	Closed	Assets	Deposits	Estimated cost	Acquirer
Sunrise Bank of Arizona	Phoenix	August 23, 2013	$202.2 million	$196.9 million	$15.4 million	First Fidelity Bank, National Association
Central Arizona Bank	Scottsdale	May 14, 2013	$31.6 million	$30.8 million	$5.4 million	Western State Bank
Gold Canyon Bank	Gold Canyon	April 5, 2013	$42.1 million	$41.7 million	$8.3 million	First Scottsdale, National Association
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
Bank USA, NA	Phoenix	October 30, 2009	$213.2 million	$170.7 million	$11.7 million	U.S. Bank, NA
First State Bank	Flagstaff	September 4, 2009	$107.2 million	$95.7 million	$49.8 million	Sunwest Bank
Community Bank of Arizona	Phoenix	August 14, 2009	$158.5 million	$143.8 million	$26.8 million	Midfirst Bank
Union Bank, National Association	Gilbert	August 14, 2009	$119.5 million	$110.4 million	$52 million	Midfirst Bank
Nextbank	Phoenix	February 7, 2002	$700.2 million	$551.3 million	$164 million
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)
Central Arizona Bank	Chandler	April 26, 1990	$6.6 million	$7.1 million	$1 million	Security Pacific Bank Arizo
Independent National Bank	Phoenix	March 15, 1990	$12.4 million	$13.5 million	$3.2 million	Citibank(arizona)
Pima S & La	Tucson	March 2, 1990	$2.73 billion	$2.13 billion	$160.5 million	Bank of America, Az
Gateway National Bank	Phoenix	February 15, 1990	$8.6 million	$8.2 million	$5.9 million	Citibank (arizona)
Sentinel FS & La	Phoenix	February 2, 1990	$174.9 million	$170.6 million	$39.3 million	Biltmore Investors Bank, NA
Merabank FSB	Phoenix	January 31, 1990	$6.32 billion	$4.80 billion	$671.5 million
First Commerce National Bank	Phoenix	December 7, 1989	$20.3 million	$21.4 million	$2.4 million	Citicorp(arizona)
Century Bank	Phoenix	October 19, 1989	$120.4 million	$119.9 million	$25.8 million	Century Bank
National Bank of Arizona	Scottsdale	September 28, 1989	$15.8 million	$15.7 million	$3.9 million	Security Pacific Bank, Nati
Liberty Bank	Glendale	September 1, 1989	$32.4 million	$30.5 million	$8.2 million	Community Bank of Arizona
Fidelity Bank	Scottsdale	July 21, 1989	$11.2 million	$11.6 million	$3.5 million	The Bank of Fountain Hills
Sun State Savings & Loan	Phoenix	June 14, 1989	$1.05 billion	$892.9 million	$443.6 million	Bank of America, Az
Western Savings & Loan	Phoenix	June 14, 1989	$5.65 billion	$4.13 billion	$2.08 billion	Bank of America, Az
Grand Canyon State Bank	Scottsdale	May 19, 1989	$14.6 million	$13.2 million	$4.4 million	Bank of Fountain Hills
Universal Savings & Loan	Scottsdale	February 17, 1989	$92.7 million	$103.1 million	$22.5 million	First Arizona S&LA
Security S & La	Scottsdale	February 17, 1989	$626.9 million	$1.05 billion	$788.5 million
Southwest S & La	Phoenix	February 17, 1989	$2.27 billion	$1.76 billion	$723.2 million	Security Pacific Bank Az
Universal S&LA	Scottsdale	May 24, 1988	$116.8 million	$114.8 million
The North American Bank	Phoenix	January 8, 1988	$32.3 million	$30.7 million	$3.6 million	Columbia Bank
Southwestern Bank	Tucson	September 25, 1981	$5.3 million	$5 million
The Peoples Bank	Wilcox	December 19, 1975	$5.7 million	$5 million

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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.