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October 22, 2010:
First
Arizona Savings, a F.S.B., Scottsdale, AZ was closed by the Office of
Thrift Supervision:
The Federal Deposit Insurance Corporation was named receiver.
Successor Bank: An assuming institution could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts. Principal and interest on insured accounts, through Friday, October 22, 2010, are fully insured by the FDIC, up to the insurance limit of $250,000. IRA funds are insured separately from other types of accounts, up to a $250,000 limit. All interest bearing accounts that exceed the $250,000 insurance limit and/or all interest bearing accounts that appear to be related and exceed this limit are reviewed by the FDIC to determine their ownership and insurance coverage.
FDIC Call Center History:
Established as
First Arizona Savings And Loan
Association ►
Depositors must establish contact or the successor bank or the FDIC to
reclaim their deposits. ►
Not every depositor in a failed bank will receive notification from the
FDIC, and there are time limits on claims of FDIC-insured bank accounts,
CDs and safe deposit boxes. By law, accounts which go unclaimed for an
extended period may be time barred, and safe deposit boxes can be drilled
and the contents sold at auction. ► Additionally, accounts transferred to
successor institutions may have lower interest rates and can lose
insurance coverage. ► It is important to understand
you may have an account at a failed institution and not know it,
either because you were a depositor at a bank acquired by an institution
that subsequently failed, or if you or a deceased family member are the
beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Funds Search
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2010 FDIC Insured Failed Banks | |
First Arizona
Savings FSB 17015 North Scottsdale Road, Suite 150 Scottsdale, AZ 85255 |
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Established |
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Cost to FDIC: $33 million | |
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© 2014 NUPA - NATIONAL UNCLAIMED PROPERTY ASSOCIATES |