Universal Savings and Loan Association, A Federal Savings and Loan Assoc

Status:Inactive as of 01/26/1990
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:First Arizona Savings, A FSB
Headquarters:Universal Savings and Loan Association, A Federal Savings and Loan Assoc
4141 North Scottsdale Road
Scottsdale, AZ 85251
Established:05/25/1988
FDIC Insurance:05/25/1988
FDIC Cert:#32585
Charter Class:
Total Assets:$71,735,000
Total Deposits:$88,419,000

History

1988-05-25Institution established: Original name:Universal Savings and Loan Association, A Federal Savings and Loan Assoc
1988-05-31Acquired (32034)
1989-02-17Placed into government conservatorship.
1990-01-26Government conservatorship or bridge bank resolved.
1990-01-26Acquired after government financial assistance and subsequently operated as part of First Arizona Savings and Loan Association (32582)
1995-11-01Changed name to First Arizona Savings, A FSB (32582)
1995-11-01Changed organization type to STOCK SAVINGS BANK
1997-10-14Moved bank headquarters from SCOTTSDALE, AZ to PHOENIX, AZ
2002-12-02Moved bank headquarters from PHOENIX, AZ to SCOTTSDALE, AZ
2010-10-22Failed. No active institution received any of its deposits or its assets.