As of June 30, 2013, Sunrise Bank of Arizona had approximately $202.2 million in total assets and $196.9 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.0 million. ... Sunrise Bank of Arizona is the 20th FDIC-insured institution to fail in the nation this year, and the third in Arizona.Sunset in the desert ... and two in one day ... a few years ago that would have been a slow Friday.
Friday, August 23, 2013
Bank Failure #20: Sunrise Bank of Arizona, Phoenix, Arizona
From the FDIC: First Fidelity Bank, National Association, Oklahoma City, Oklahoma, Assumes All of the Deposits of Sunrise Bank of Arizona, Phoenix, Arizona
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