On Friday, March 26, 2010, Desert Hills Bank was closed by the State of Arizona Department of Financial Institutions. The FDIC was named Receiver. New York Community Bank, Westbury, NY acquired all deposit accounts.
The FDIC as Receiver for Desert Hills Bank, 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 May 22, 2023 and has made all dividend distributions required by law.
Effective September 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
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: NEW YORK COMMUNITY BANK
About New York Community Bank
All deposit accounts, excluding certain brokered deposits, were transferred to New York Community Bank, Westbury, NY ("assuming institution"). Former Desert Hills Bank locations reopened as branches of New York Community Bank.
Your transferred deposits were separately insured from any accounts you may have already had at New York Community Bank for at least six months after the failure of Desert Hills Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with New York Community Bank as long as the deposits are not pledged as collateral for loans.
New York Community Bank (www.mynycb.com)
Contacting New York Community Bank
You can contact New York Community Bank:
New York Community Bank
102 Duffy Ave
Hicksville, NY 11801
Transaction Documentation
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank