Bank Failure #55: Summit Bank, Prescott, AZ

Bank Failure #55: Summit Bank, Prescott, AZ

As of March 31, 2011, Summit Bank had approximately $72.0 million in total assets and $66.4 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $11.3 million. ... Summit Bank is the 55th FDIC-insured institution to fail in the nation this year, and the second in Arizona

Another great bank.. with local owners.

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