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Failed Bank Information for Bank USA, National Association, Phoenix, AZ

On Friday, October 30, 2009, Bank USA, National Association was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. U.S. Bank National Association (U.S. Bank), Minneapolis, MN acquired all deposit accounts.

The FDIC as Receiver for Bank USA, National Association, Phoenix, AZ has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 24, 2011 and has made all dividend distributions required by law.

Effective 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: November 1, 2021


Notice of Intent to Terminate

Publication Date: June 24, 2011

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: U.S. BANK

About U.S. Bank

All deposit accounts were transferred to U.S. Bank National Association (U.S. Bank), Minneapolis, MN ("assuming institution"). Former Bank USA, National Association locations reopened as branches of U.S. Bank.

Your transferred deposits were separately insured from any accounts you may have already had at U.S. Bank for at least six months after the failure of Bank USA, National Association.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with U.S. Bank as long as the deposits are not pledged as collateral for loans.

Contacting U.S. Bank

You can contact U.S. Bank:

U.S. Bank
425 Walnut Street
Cincinnati, OH 45202

U.S. Bank (www.usbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (672 Kb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank