Sunrise Bank of Arizona closed, bought by First Fidelity Bank

PHOENIX - An Arizona bank has been closed and purchased by a bank out of Oklahoma City.

Sunrise Bank of Arizona has six branches in the state.

First Fidelity Bank, National Association of Oklahoma City, Oklahoma will assume all of the deposits of Sunrise Bank.

Customers of Sunrise Bank of Arizona will automatically become depositors of First Fidelity Bank.

According to the Federal Deposit Insurance Corporation, deposits will be continued to be insured by FDIC.

Customers of Sunrise Bank should continue to use their existing branch until notified by First Fidelity Bank that it has completed systems changes to allow other First Fidelity Bank branches to process their accounts as well.

Friday night and over the weekend, Sunrise Bank customers can get access to their money by writing checks or using ATM or debit cards. Loan customers should continue to make their payments as usual.

First Fidelity Bank, National Association will assume all the deposits of the failed bank and has agreed to purchase essentially all of the assets. 

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