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Dodd-Frank Wall Street Reform and Consumer Protection ActOn July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, which, in part, permanently raises the current standard maximum deposit insurance amount (SMDIA) to $250,000. More > |
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Sunwest Bank is pleased to announce that its bid to acquire First State Bank in Flagstaff, Arizona was accepted by the Federal Deposit Insurance Corporation (FDIC). The California Department of Financial Institutions appointed the FDIC as Receiver of First State Bank on September 4, 2009. The FDIC subsequently entered into an agreement with Sunwest Bank, under which Sunwest Bank assumed all of First State Bank's deposits.
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