Failed Bank Report: Claim FDIC Insured Accounts at Failed Banks

First Arizona Savings F.S.B. - Scottsdale, AZ

Arizona search for missing money or a lost bank account

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Unclaimed  bank account search - AZ First Arizona Savings

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
1-800-830-4698

History:

Established as First Arizona Savings And Loan Association
Acquired Universal Savings &  Loan Association - Scottsdale, Arizona.
Changed name to First Arizona Savings, FSB

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

 

 

 

2010 FDIC Insured Failed Banks
 
 
 
 
First Arizona Savings FSB
17015 North Scottsdale Road, Suite 150
Scottsdale, AZ 85255

 
 

Established
as
First Arizona
Savings And Loan Association

 

 
 
 
 
Cost to FDIC: $33 million

 

 


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