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Bailout

: Calculated Risk

Bank Failure #139: First Arizona Savings, Scottsdale, Arizona

By Anonymous

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New oxymoron
First / Arizona / Savings
No / yes / not at all
by Soylent Green is People

From the FDIC: FDIC Approves the Payout of the Insured Deposits of First Arizona Savings, A FSB, Scottsdale, Arizona
As of June 30, 2010, First Arizona Savings, A FSB had approximately $272.2 million in total assets and $198.8 million in total deposits. ... The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $32.8 million. ... The last institution closed in the state was Towne Bank of Arizona, Mesa, on May 7, 2010.
No one wanted this one! That makes 7 today ...

Full post as published by Calculated Risk on October 23, 2010 (boomark / email).

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