Regulators close First Arizona Savings

WASHINGTON (BestGrowthStock) – The Federal Deposit Insurance Corp said on Friday that regulators had closed First Arizona Savings of Scottsdale, Arizona.

First Arizona had approximately $272.2 million in total assets and $198.8 million in total deposits.

The bank was closed by the Office of Thrift Supervision, which appointed the FDIC as receiver.

(Reporting by Doug Palmer; Editing by Gary Hill)

Regulators close First Arizona Savings