Universal Savings and Loan Association

Status:Inactive as of 05/25/1988
 Merger - Assisted
Successor Bank:Universal Savings and Loan Association, A Federal Savings and Loan Assoc
Headquarters:Universal Savings and Loan Association
4141 North Socttsdale Road
Scottsdale, AZ 85251
Established:01/01/1979
FDIC Insurance:08/22/1980
FDIC Cert:#32034
Charter Class:
Total Assets:$116,778,000
Total Deposits:$114,814,000

History

1979-01-01Institution established: Original name:Universal Savings and Loan Association
1987-04-30Moved bank headquarters from KINGMAN, AZ to SCOTTSDALE, AZ
1988-05-25Failed. Acquired with government financial assistance and subsequently operated as part of Universal Savings and Loan Association, A Federal Savings and Loan Assoc (32585)
1988-05-25Institution established: Original name:Universal Savings and Loan Association, A Federal Savings and Loan Assoc (32585)
1988-05-31Acquired
1989-02-17Placed into government conservatorship.
1990-01-26Acquired after government financial assistance and subsequently operated as part of First Arizona Savings and Loan Association (32582)
1990-01-26Government conservatorship or bridge bank resolved.
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.