Towne Bank of Arizona
Mesa, AZ · Owner: Towne Bcorp Inc
$120M
total assets, March 31, 2010
$120M
total assets, March 31, 2010
Towne Bank of Arizona was a state nonmember bank in Mesa, AZ, owned by Towne Bcorp Inc. It failed on May 7, 2010, and Commerce Bank Of Arizona took over its deposits. At its last report it held $120.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- May 7, 2010
- Assets
- $120M
- Deposits
- $113M
- Estimated cost
- $44.3M
- Deposits went to
- Commerce Bank Of Arizona, Tucson, AZ
Total assets
$120M
-15.9% in a year · -5.7% in a quarter
Deposits
$113M
-0.9% in a year · -0.4% in a quarter
Loans
$76.3M
-37.5% in a year · -5.6% in a quarter
Profit so far
-$6.6M
Jan 1 to Mar 31, 2010
Capital ratio
0.29%
-13.97 pts in a year
Return on assets
-21.25%
-12.17 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3156 East Baseline Road, Mesa, AZ, 85204
- County
- Maricopa
- Holding company
- Towne Bcorp Inc
- Established
- Apr 1, 2004
- Failed
- May 7, 2010
- Employees
- 24
- Branches
- 1
- Id
- b57697
Quarter by quarter
June 30, 2004 to March 31, 2010
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 Towne Bank of Arizona?
$120.2 million in total assets and $113.2 million in deposits as of March 31, 2010, with assets down 15.9% from a year before. Its loans were $76.3 million.
How many branches does Towne Bank of Arizona have?
1 branch in Arizona as of June 30, 2026.
Is Towne Bank of Arizona profitable?
No: it lost $6.58 million from January 1 to March 31, 2010. Its return on assets was -21.25% a year; about 1% is typical.
Who owns Towne Bank of Arizona?
Towne Bank of Arizona is owned by Towne Bcorp Inc, its holding company.
When did Towne Bank of Arizona fail?
May 7, 2010. Commerce Bank Of Arizona of Tucson, AZ took over its deposits. The estimated cost of the failure was $44.3 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.