Union Bank, National Association
Gilbert, AZ · Owner: Heartland Bancshares Inc
$120M
total assets, June 30, 2009
$120M
total assets, June 30, 2009
Union Bank, National Association was a national bank in Gilbert, AZ, owned by Heartland Bancshares Inc. It failed on Aug 14, 2009, and Midfirst Bank took over its deposits. At its last report it held $119.5 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Aug 14, 2009
- Assets
- $120M
- Deposits
- $110M
- Estimated cost
- $52.0M
- Deposits went to
- Midfirst Bank, Oklahoma City, OK
Total assets
$120M
-13.0% in a year · -7.0% in a quarter
Deposits
$110M
-4.5% in a year · -4.6% in a quarter
Loans
$70.1M
-39.3% in a year · -11.6% in a quarter
Profit so far
-$5.6M
Jan 1 to Jun 30, 2009 · -560200.0% in a year
Capital ratio
0.00%
-8.74 pts in a year
Return on assets
-8.75%
-8.75 pts in a year
Facts
- Type
- National bank
- Head office
- 3631 East Baseline Road, Gilbert, AZ, 85234
- County
- Maricopa
- Holding company
- Heartland Bancshares Inc
- Established
- May 1, 1998
- Failed
- Aug 14, 2009
- Employees
- 17
- Branches
- 1
- Id
- b34485
Quarter by quarter
June 30, 1998 to June 30, 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 Union Bank, National Association?
$119.5 million in total assets and $110.4 million in deposits as of June 30, 2009, with assets down 13.0% from a year before. Its loans were $70.1 million.
How many branches does Union Bank, National Association have?
1 branch in Arizona as of June 30, 2026.
Is Union Bank, National Association profitable?
No: it lost $5.60 million from January 1 to June 30, 2009. Its return on assets was -8.75% a year; about 1% is typical.
Who owns Union Bank, National Association?
Union Bank, National Association is owned by Heartland Bancshares Inc, its holding company.
When did Union Bank, National Association fail?
Aug 14, 2009. Midfirst Bank of Oklahoma City, OK took over its deposits. The estimated cost of the failure was $52.0 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.