State Coverage: Arizona
New Buyer Scopes Out Failures in Central States
American Banker | Nov 19A new group formed to buy failing banks plans to use its recent deal for tiny, well-capitalized Palisades National Bank as a springboard for further acquisitions.
FBOP's Subsidiaries Closed, Sold to U.S. Bank
American Banker | Nov 02Over a year after being hit hard by the takeover of Fannie Mae and Freddie Mac, FBOP Corp.'s nine banks totaling $19 billion in assets were closed by the government Friday night.
'09 Failure Total Rises to 89 After Five More Collapses
American Banker | Sep 08Federal and state regulators shut five banks in Iowa, Missouri, Arizona and Illinois late Friday, raising the number of failures this year to 89.
Regulators Shut Three More Community Banks
Total failures on the year climb to 77
American Banker | Aug 17WASHINGTON — Following the largest failure of the year, and the collapse of a small mutual in Pennsylvania, regulators shut three western banks late Friday ...
Capitol's Latest Reversal: Local Partners Buy it Out
American Banker | Jul 10Capitol Bancorp Ltd.'s latest divestiture deal underscores just how far the company has retreated from its original strategy.
Tempting Investors, or Fate, with Print Ads
Capital, loan woes are severe, but don't call this bank 'toxic'
American Banker | Jun 16Troubled banks usually do not call attention to themselves, but Arizona's Union Bank had little left to lose in running ads proclaiming it would not be the next to fail.
Capitol, Divesting, in First Deal
American Banker | May 07The $132.5 million-asset Foothills Bank in Yuma, Ariz., agreed to pay $10.5 million for Capitol Bancorp Ltd.'s $72.3 million-asset Yuma Community Bank.
Capitol Strikes Deal to Sell Arizona Bank
American Banker | May 07Just a few weeks after announcing plans to sell some of its subsidiary banks, Capitol Bancorp Ltd. has its first suitor.
Capitol Shifts from Start-Ups to Divesting
American Banker | Apr 27Still struggling with rising loan losses, Capitol Bancorp is now looking to sell some of its 53 banks.
A Further Retrenchment as Capitol Merges More Units
American Banker | Feb 23The $5.7 billion-asset company is merging four of its Arizona banks into one and nine of its Michigan banks into one as it looks to strengthen its operations in ...
Iowa's Heartland to Report Loss
American Banker | Jan 13Heartland Financial USA of Dubuque, Iowa, said it expects to post a loss of $2 million to $3 million for the fourth quarter, as a result of a spike in problem loans ...
FDIC in Unofficial Clampdown
Reluctance seen to OK start-ups' insurance
American Banker | Jan 12The FDIC has put the brakes on approvals for new banks in several states hard hit by the real estate crisis, according to consultants and attorneys who advise investors ...
Mutual of Omaha Speeds Up Growth Plan
Sees more opportunity in M&A after snapping up two failures
American Banker | Aug 05With the backing of its deep-pocketed parent, Mutual of Omaha Bank intends to continue buying troubled or failed banks, and within 10 years it could even "rival" its ...
North Dakota Tops Ratio List Again
American Banker | Jun 27North Dakota has the nation's highest loan-to-deposit ratio for the third straight year, according to data federal regulators released Thursday.
FirstBank Expanding Beyond Colorado Retail Market
American Banker | May 05The largest locally owned banking company in Colorado is moving beyond its traditional retail banking business into commercial lending, both at home and a new market: Phoenix.
