Record · Bank
SUMMIT BANK
SUMMIT BANK held $73.1 million in total assets at failure as of July 15, 2011, according to the FDIC.
SUMMIT BANK, of PRESCOTT, AZ, was an FDIC-insured institution that closed on July 15, 2011, as the FDIC records it.
The failure
- July 15, 2011
- Closed
- $73.1 million
- Assets at failure
- $73,066,000
- $67.5 million
- Deposits at failure
- $67,471,000
- $14.9 million
- Estimated cost to the insurance fund
- $14,868,036
- The FDIC's estimate as of July 31, 2026; it revises the estimate as it sells the bank's assets.
- THE FOOTHILLS BANK
- Acquired by
- YUMA, AZ
The FDIC’s entry
- FDIC certificate number
- 57442
- Resolution
- FAILURE
- Transaction type
- PA
- Charter class
- NM
- Insurance fund
- DIF
- Insured since
- November 4, 2002
- Established
- November 4, 2002
- Recorded in
- The FDIC’s failures data
Sources
- FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026
Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved