Desert Hills Bank
Phoenix, AZ · Owner: Desert Hills Capital Corp
$497M
total assets, December 31, 2009
$497M
total assets, December 31, 2009
Desert Hills Bank was a state nonmember bank in Phoenix, AZ, owned by Desert Hills Capital Corp. It failed on Mar 26, 2010, and New York Community Bank took over its deposits. At its last report it held $496.6 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Mar 26, 2010
- Assets
- $497M
- Deposits
- $426M
- Estimated cost
- $109M
- Deposits went to
- New York Community Bank, Westbury, NY
Total assets
$497M
-2.9% in a year · -5.1% in a quarter
Deposits
$426M
+2.4% in a year · -5.3% in a quarter
Loans
$343M
-20.8% in a year · -5.0% in a quarter
Profit so far
-$8.8M
Jan 1 to Dec 31, 2009
Capital ratio
4.37%
-0.14 pts in a year
Return on assets
-1.73%
+3.07 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3001 East Camelback Road, Phoenix, AZ, 85016
- County
- Maricopa
- Holding company
- Desert Hills Capital Corp
- Established
- Nov 17, 2000
- Failed
- Mar 26, 2010
- Employees
- 107
- Branches
- 6
- Id
- b57060
Quarter by quarter
December 31, 2000 to December 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Desert Hills Bank?
$496.6 million in total assets and $426.5 million in deposits as of December 31, 2009, with assets down 2.9% from a year before. Its loans were $343.0 million.
How many branches does Desert Hills Bank have?
6 branches in Arizona as of June 30, 2026.
Is Desert Hills Bank profitable?
No: it lost $8.80 million from January 1 to December 31, 2009. Its return on assets was -1.73% a year; about 1% is typical.
Who owns Desert Hills Bank?
Desert Hills Bank is owned by Desert Hills Capital Corp, its holding company.
When did Desert Hills Bank fail?
Mar 26, 2010. New York Community Bank of Westbury, NY took over its deposits. The estimated cost of the failure was $108.9 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.